Author Description

Singapore Is One Of The World’s Most Open Economies, With The Size Of Its Trade Reaching About 350 Percent Of Its Gdp. With The Rise Of Highly Diversified Cross-border Production Networks, Singapore Has Come To Play An Integral Role In The Global Supply Chain With Heavy Reliance On Foreign Contents In Its Exports And Production. It Has Also Successfully Moved Up The Value Chain, Exporting Goods With High Sophistication And Economic Complexity. Against This Backdrop, In This Paper, Using Disaggregate Industry/product Level Trade Data, We Revisit Singapore’s Export Elasticities And Find That Growing Participation In Global Production Chains And Rising Export Complexity Are Important Determinants. Cover -- Contents -- Abstract -- I. Introduction -- Ii. Structure And Role Of Singapore's External Trade -- A. External Trade And Economic Structure -- B. Composition Of Trade -- C. Economic Complexity -- Iii. Export Elasticities -- Iv. Results -- V. Conclusions -- Tables -- Table 1a. Export Elasticities -- Table 1b. Export Elasticities -- Table 2. Effect Of Domestic Value-added Share On Export Elasticities -- Table 3. Effect Of Economic Complexity On Export Elasticities -- Table 4. Effect Of Economic Complexity On Export Elasticities For Major Product Groups -- Table 5. Effect Of Domestic Value-added Share And Economic Complexity On Export Elasticities -- Figures -- Figure 1. Exports As Percent Of Total Output By Industry -- Figure 2. Share Of Value-added By Primary Inputs -- Figure 3. Import Intensity And Export Orientation Of Sectors -- Figure 4. Share Of Employee Compensation And Export Orientation -- Figure 5. Value-added Share Of Exports For Different Industries -- Figure 6. Value-added Share Of Exports For Different Industries -- Figure 7. Value-added Share Of Exports For Different Industries -- Figure 8. Index Of Economic Complexity-selected Countries -- Figure 9. Distribution Of Economic Complexity By Export Products -- Figure 10. Distribution Of Export Elasticities