Exchange Rate Devaluation and Reshuffling of Global Jobs

• 영문명: Exchange Rate Devaluation and Reshuffling of Global Jobs
• 발행기관: 세종대학교 경제통합연구소
• 저자명: Luca Macedoni Fabio Sdogati
• 간행물 정보: 『Journal of Economic Integration』제28권 제2호, 241~268쪽, 전체 28쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2013.06.30

영문 초록

Current debates presume that devaluation of one country`s currency may transfer the production of imported intermediate goods to the devaluating country. This paper argues that in a global production network involving more than two countries in the production of fragments, this presumption may not hold. With a simple Ricardian model of fragmentation, this paper shows that the production of fragments can be transferred only if countries have close comparative advantage. Using data from the World Input Output Database, our model is found to be empirically supported.

목차

Ⅰ. Introduction

Ⅱ. Literature Review

Ⅲ. The Model

Ⅳ. Empirical Analysis

Ⅴ. Conclusions

키워드

International Fragmentation of Production Exchange Rate