BIBFRAME Work

Title

Trade and the global recession

Type

• Text
• Monograph

Contribution

• National Bureau of Economic Research (contributor)
• Eaton, Jonathan, 1950- (contributor)

Language

• English

Classification

LCC: HB1 (Assigner: dlc) (Status: used by assigner)

Content

• text

Supplementary content

• bibliography

Summary

"Global trade fell 30 percent relative to GDP during the Great Recession of 2008-2009. Did this collapse result from factors impeding international transactions or did it simply reflect the greater severity of the recession in highly traded sectors? We answer this question with detailed international data, interpreted within a general-equilibrium trade model. Counterfactual simulations of the model show that a shift in spending away from manufactures, particularly durables, accounts for more than 80 percent of the drop in trade/GDP. Increased trade impediments reduced trade in some countries, but globally the impact of these changes largely cancels out"--National Bureau of Economic Research web site.

Authorized Access Point

Trade and the global recession

Admin Metadata

• Date: 2026-09-11T20:20:57.491016+00:00
• Agent: cbc
• Status: c
• Derived from: 16735652

Admin Metadata

• Date: 2026-09-11
• Cataloger id: Unknown
• Description level: http://id.loc.gov/ontologies/bibframe-2-6-0/
• Description language: eng
• Description authentication: pcc