IDEAS home Printed from https://ideas.repec.org/a/ris/integr/0599.html
   My bibliography  Save this article

Exchange Rate Devaluation and Reshuffling of Global Jobs

Author

Listed:
  • Macedoni, Luca

    (Department of Economics, University of California at Davis)

  • Sdogati, Fabio

    (Dipartimento di Ingegneria Gestionale, Politecnico di Milano)

Abstract

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.

Suggested Citation

  • Macedoni, Luca & Sdogati, Fabio, 2013. "Exchange Rate Devaluation and Reshuffling of Global Jobs," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 28, pages 241-268.
    • Handle: RePEc:ris:integr:0599
    as

    Download full text from publisher

    File URL: http://sejong.metapress.com/
    File Function: Full text
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    International Fragmentation of Production; Exchange Rate;

    JEL classification:

    • F10 - International Economics - - Trade - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:integr:0599. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Yunhoe Kim (email available below). General contact details of provider: https://edirc.repec.org/data/desejkr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.