Showing 1 - 10 of 474
Recent disruptions to global value chains (GVCs) have raised an important question: Can decoupling from GVCs increase a country’s welfare by reducing its exposure to foreign supply shocks? We use a quantitative trade model to simulate GVCs decoupling, defined as increased barriers to global...
Persistent link: https://www.econbiz.de/10012514530
In early 2020, the disease Covid-19 caused a drastic lockdown of the Chinese economy. We use a quantitative trade model with input-output linkages to gauge the effects of this adverse supply shock in China on the global economy through international trade and global value chains (GVCs). We find...
Persistent link: https://www.econbiz.de/10012291860
Measured by trade in intermediate inputs, economic integration has increased between 2000 and 2014 between members of the European Union and even more with non-members. Integration is negatively related to economic size and positively to the number of years as a member. Germany is the largest...
Persistent link: https://www.econbiz.de/10011809936
With the availability of international value added trade data it has become evident that gross export data and value …
Persistent link: https://www.econbiz.de/10010515478
Persistent link: https://www.econbiz.de/10003395368
This paper intends to combine two fields in the economic literature by examining empirically the FDI pattern - horizontal versus vertica l- within the European Union and the relevance of trade integration as a potential determinant of investment flows over the period 1995-2009. We capture trade...
Persistent link: https://www.econbiz.de/10010371905
This paper proposes a general method to extend a standard input-output (IO) table to incorporate firm heterogeneity when portraying the domestic segment of global value chains in a country. We develop a quadratic optimization model to estimate an extended IO table that reports inter-sector...
Persistent link: https://www.econbiz.de/10011444432
and empirically the influence of variable and fixed export costs in explaining the likely heterogeneity in the trade … motivate theoretically the roles of variable trade costs and of fixed and variable export costs, respectively, for explaining … variables, capturing variable and fixed export costs. Fourth, we show that such estimated heterogeneous effects can predict 83 …
Persistent link: https://www.econbiz.de/10011309578
Using a novel common econometric specification, we examine the measurement of three important effects in international trade that historically have been addressed largely separately: the (partial) effects on trade of economic integration agreements, national borders, and bilateral distance....
Persistent link: https://www.econbiz.de/10010212649
and ongoing European debt crisis, advance economies that are principal export markets of South and Southeast Asia …
Persistent link: https://www.econbiz.de/10009540111