Gangnes, Byron; Ma, Alyson; Van Assche, Ari - 2012
The collapse of trade during the great recession of 2008–2009 has raised the question of whether the rise of global … amplified propagation of business cycle shocks (supply chain effect). Using trade data from the People's Republic of China, we … find supporting evidence for the composition effect. However, we find no evidence that trade within GVCs have an …