Table 4.4 reports simple averages of the sector-specific trade elasticity estimates
for 27 exporting countries. The final column reports the ratio of these averages. For
each country, this ratio is less than one, indicating that the inclusion of the valueadded
data reduces the estimate of the trade elasticity. The ratios of these average
trade elasticities range from 0.5974 to 0.9630. The lowest are for Ireland, Hungary,
the Czech Republic and Chinese Taipei. The highest are for the Russian Federation,
Brazil, Japan and Australia.