-adjustment costs in an inflationary environment. The model nests both the original menu-cost model that allows production to be …

In last few decades, Asian production networks have contributed significantly toward the rapid trade expansion and …, the ability of the rest of the world to absorb Asia's exports has decreased. Export production in some Asian countries has … standards. This can be done by leveraging production networks to graduate to higher value-added, knowledge-intensive activities …

-Douglas production function. …

pass-through the cost shock fully on their export prices. Their production, exports and employment fall. A consequence of … only firms able to adapt their production process to energy cost shocks have survived. Importantly, when faced with large …