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This paper studies the great collapse in value added trade using a structural decomposition analysis. We show that changes in vertical specialisation accounted for almost half of the great trade collapse, while the previous literature on gross trade has mainly focused on final expenditure,...
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The specification of the world closure, i.e. the way of closing the domestic economy model by incorporating the external sector, is a crucial component for those models in which production and consumption is not specified endogenously for all countries. This paper looks explicitly at the...
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In structural vector autoregressive models of United States and euro area manufacturing, we use sign restrictions to identify shocks that alter the frictions to Chinese supply chain trade. We find a quantitatively significant role of such shocks for the decline of US manufacturing output at the...
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In using the removal of Section 232 'national security' tariffs on steel and aluminium imports as a bargaining chip …
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security, environment and development challenges in Zone 3 of the International Conference on the Great Lakes Region (ICGLR …-all binding on member states and designed to effectively address threats to security, environment and development in Zone 3 …, national initiatives focused on state security over holistic human security issues across these borderlands. Consequently …
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