Showing 1 - 10 of 14
The paper proposes a theoretical framework for explaining gains and losses in export market shares by considering both …
Persistent link: https://www.econbiz.de/10013059580
Global Value Chains (GVCs) became the paradigm for the production of most goods and services around the world. Hence, interconnections among countries can no longer be adequately assessed through standard bilateral gross trade flows and new methods of analysis are needed. In this paper, we...
Persistent link: https://www.econbiz.de/10012987403
measures that can be used to analyse comparative advantage and price competitiveness, called relative export density and export … - where they have a price advantage. Price (dis)assortativity turns out to be an important factor for export growth, even … catching-up CESEE countries, with potential implications for industrial policy. The relationship between the two export …
Persistent link: https://www.econbiz.de/10012983077
Existing evidence suggests that protectionist activity since the financial crisis has been muted, raising the question whether the historically well-documented relationship between growth, real exchange rates and trade protectionism has broken down. This paper re-visits this relationship for the...
Persistent link: https://www.econbiz.de/10013072606
The increasing importance of global supply chains has prompted the use of analytical tools based on trade in value added – instead of traditional measures in gross value. We use this analytical framework to develop indicators that identify hubs and spokes in international supply chains. Using...
Persistent link: https://www.econbiz.de/10013055305
Foreign driven medium-term oscillations that originate from fluctuations in technological frontier countries gained widespread attention among policymakers. To study this phenomenon in the context of domestic and other foreign drivers of the euro area business cycle, we develop a medium-scale,...
Persistent link: https://www.econbiz.de/10013233525
The elasticity of substitution between domestic and imported goods is a central parameter in macroeconomic models, but after decades of empirical studies there is no consensus on its magnitude. Earlier literature using time series arrives at low values, while more recent studies using...
Persistent link: https://www.econbiz.de/10013100338
International trade in manufacturing goods has risen strongly over the past decades, contributing to the expansion of global value chains (GVCs). This paper studies how two factors contributed to this rise since 1970: (i) declining “border effects” that are arguably related to the ICT...
Persistent link: https://www.econbiz.de/10012833969
. Overall, we show that foreign investors play an active role in shaping host economies' export structure and their …
Persistent link: https://www.econbiz.de/10012956243
This paper presents the most comprehensive and up-to-date panel data set of invoicing currencies in global trade. It provides data on the shares of exports and imports invoiced in US dollars, euros, and other currencies for more than 100 countries since 1990. The evidence from these data...
Persistent link: https://www.econbiz.de/10012825651