1887

OECD Economics Department Working Papers

Working papers from the Economics Department of the OECD that cover the full range of the Department’s work including the economic situation, policy analysis and projections; fiscal policy, public expenditure and taxation; and structural issues including ageing, growth and productivity, migration, environment, human capital, housing, trade and investment, labour markets, regulatory reform, competition, health, and other issues.

The views expressed in these papers are those of the author(s) and do not necessarily reflect those of the OECD or of the governments of its member countries.

English, French

The New OECD International Trade Model

This paper provides a detailed description of recent research to re-estimate and re-specify the international trade volume and price equations that are used in the OECD Economics Department to analyse international trade developments. New panel data estimates of the factors affecting export performance, import penetration and exchange rate pass-through into trade prices are reported for both OECD and non-OECD economies. The model set out has already been used successfully to monitor the global consistency of the international trade projections in the Economic Outlook.

English

Keywords: international trade prices, international trade volumes, forecasting model
JEL: F47: International Economics / Macroeconomic Aspects of International Trade and Finance / Macroeconomic Aspects of International Trade and Finance: Forecasting and Simulation: Models and Applications; F14: International Economics / Trade / Empirical Studies of Trade; F17: International Economics / Trade / Trade: Forecasting and Simulation
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