This study examines the home bias in trade in goods and services within the European Union. Using the newest release of … trade-reducing effect of borders is found to be sizeable. It is greater for trade in services than for goods, though the …

rapid increase in the share of China in world trade. As the world is taking the full measure of this phenomenon, tensions … therefore provides an assessment of China’s “natural” place in the world economy based on a new set of trade integration … indicators. These indicators are used as a benchmark in order to examine whether China’s share in international trade is …

This paper assesses the Euro’s influence upon European trade by estimating two different indicators. The first is the … with its trade partners. This study of the Euro’s influence by means of the Border Effect is a novelty in the literature …, it reveals that the Euro’s influence upon trade is not so clear as papers focused only on the Rose Effect claim. This …

Rising trade tensions, a spate of trade-inhibiting policy measures and a weakening of multilateral institutions have … sparked a growing concern about the potential implications of global trade fragmentation. Yet, empirical evidence that … geopolitical considerations are already materially affecting trade flows is scant. In this study, we quantify the impact of …

We show that traditional gravity variables play a significant role in explaining trade flows related to global value … relevant for trade that reflects cross-border production sharing. Applying an augmented gravity model framework to a newly …-constructed dataset we find a positive association between bilateral FDI stock and both gross bilateral trade and the bilateral import …

International trade in manufacturing goods has risen strongly over the past decades, contributing to the expansion of … effects" that are arguably related to the ICT revolution that started around 1985, and (ii) the implementation of Free Trade … capture the emergence of GVCs by disentangling domestic and international trade in final goods and intermediate inputs …

The paper analyses the evolution of the trade specialisation pattern in the ten countries which will join the EU in …

The aim of the paper is to analyse the factors behind the rapid trade integration of the Central and Eastern European … enhanced gravity model estimated with a large sample of bilateral trade flows across 61 countries since 1980. We show that a …-of-sample” approach. The results suggest that trade integration between most of the largest Central and Eastern European countries and the …