Showing 1 - 10 of 22
We combine data on trade, production, and input use to compute the value added content of trade for forty-two countries from 1970 to 2009. For the world, the ratio of value added to gross trade falls by ten to fifteen percentage points, with two-thirds of this decline in the last two decades....
Persistent link: https://www.econbiz.de/10013104723
We develop a property-rights model of the firm in which production entails a continuum of uniquely sequenced stages. In each stage, a final-good producer contracts with a distinct supplier for the procurement of a customized stage-specific component. Our model yields a sharp characterization for...
Persistent link: https://www.econbiz.de/10013104981
This paper makes two methodological contributions. First, it proposes a framework to decompose total production activities at the country, sector, or country-sector level, to different types, depending on whether they are for pure domestic demand, traditional international trade, simple GVC...
Persistent link: https://www.econbiz.de/10012960797
We combine data on trade, production, and input use to document changes in the value added content of trade between 1970 and 2009. The ratio of value-added to gross exports fell by roughly 10 percentage points worldwide. The ratio declined 20 percentage points in manufacturing, but rose in...
Persistent link: https://www.econbiz.de/10012976994
of US-China bilateral retaliation on trade flows and welfare. One is a conventional Armington trade model with five … regions, the US, China, EU, Japan and Rest of the World, and calibrated to a global 2009 micro consistent data set. The other … is a modified version of this model with monetary non neutrals and including China's trade surplus as an endogenous …
Persistent link: https://www.econbiz.de/10013120993
other pacific countries are included, China is notable for its exclusion from the process thus far. This paper uses … numerical simulation methods to assess the potential effects of a TPP agreement on China and the other participating countries …. Simulation results reveal that China will be hurt by TPP initiatives, but the negative effects are relatively small given the …
Persistent link: https://www.econbiz.de/10013106304
competitive devaluations. The sheer size of China, and its lower sterilization costs suggests that China may be the winner of a … and precautionary motives in the context of China may be challenged by a version of the quot;peso problem.quot; Hoarding …
Persistent link: https://www.econbiz.de/10012776454
China and America's other trading partners manipulate their exchange rates, and (b) the nature of the Chinese exchange rate … bilateral deficit, though other variables also turn out to be quite important. On the issue of China's de facto exchange rate …
Persistent link: https://www.econbiz.de/10012776947
the industry and commuting-zone levels, and then estimates the impact of the `China shock' on each job-flow type. The … China shock is accounted for by either the increase in Chinese import penetration in the U.S., or by the U.S. policy change … that granted Permanent Normal Trade Relations (PNTR) status to China. We find that the China shock affects U.S. employment …
Persistent link: https://www.econbiz.de/10012941975
Trade between the whole of Africa and China (imports and exports summed) grew from $10.6 billion to $73.3 billion … between 2000 and 2007, and between Sub-Saharan Africa and China from $7 billion to $59 billion over the same period. China is … million in 1990 to $2.6 billion in 2006. On the basis of these data, one frequently hears the claim that China is now a …
Persistent link: https://www.econbiz.de/10012771826