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The Effect of Tariffs in Global Value Chains

Eugster, Johannes L.; Jaumotte, Florence; MacDonald, Margaux - 2022

This paper empirically investigates the impact of tariffs when production is organized in global value chains. Using global input-output matrices, we construct four different tariff measures that capture the direct and indirect exposure to tariffs at different stages of the production chain for...

Persistent link: https://www.econbiz.de/10013295005

Trade Policy Implications of a Changing World : Tariffs and Import Market Power

Jakubik, Adam; Keck, Alexander; Piermartini, Roberta - 2023

Economic theory suggests that countries’ tariff commitments in trade agreements reflect their import market power at the time of negotiations. However, as countries grow, their market power in different sectors can change in unforeseen ways and their commitments may no longer reflect changed...

Persistent link: https://www.econbiz.de/10014262982

Reaping the Benefits from Global Value Chains

Cheng, Kevin - 2015

Against the backdrop of the rise of global value chains (GVCs), particularly in Asia, this paper documents key developments of GVCs and investigates what factors cause economies to reap greater benefits from GVC participation. Key findings include: first, moving toward a more upstream position...

Persistent link: https://www.econbiz.de/10013011209

A Multidimensional Approach to Trade Policy Indicators

Cerdeiro, Diego - 2018

We present and discuss a set of indicators to help assess countries' trade policies. The indicators relate to three policy areas - trade in goods, trade in services, and FDI. Given concerns about the direction of global trade policy, we also consider a set of more granular measures that reflect...

Persistent link: https://www.econbiz.de/10012925218

The Slowdown in Global Trade : A Symptom of a Weak Recovery

Aslam, Aqib - 2018

Global trade growth has slowed since 2012 relative both to its strong historical performance and to overall economic growth. This paper aims to quantify the role of weak economic growth and changes in its decomposition in accounting for the slowdown in trade using a reduced form and a structural...

Persistent link: https://www.econbiz.de/10012928627

Singapore's Export Elasticities : A Disaggregated Look into the Role of Global Value Chains and Economic Complexity

Arbatli, Elif C. - 2016

Singapore is one of the world's most open economies, with the size of its trade reaching about 350 percent of its GDP. With the rise of highly diversified cross-border production networks, Singapore has come to play an integral role in the global supply chain with heavy reliance on foreign...

Persistent link: https://www.econbiz.de/10012995277

Dollar Invoicing, Global Value Chains, and the Business Cycle Dynamics of International Trade

Cook, David E.; Patel, Nikhil - 2022

Recent literature has highlighted that international trade is mostly priced in a few key vehicle currencies and is increasingly dominated by intermediate goods and global value chains (GVCs). Taking these features into account, this paper reexamines the relationship between monetary policy,...

Persistent link: https://www.econbiz.de/10013295131

Global Smartphones Sales May Have Peaked

Mongardini, Joannes - 2020

Global smartphone sales may have peaked. After reaching nearly 1.5 billion units in 2016, global smartphone sales have since declined, contributing negatively to world trade in 2019 and suggesting that the global market may now be saturated. This paper develops a simple model to forecast...

Persistent link: https://www.econbiz.de/10012829702

Wer bezahlt Trumps Handelskrieg mit China?

Felbermayr, Gabriel; Zoller-Rydzek, Benedikt - In: ifo Schnelldienst 71 (2018) 22, pp. 30-35

Seit dem 24. September erheben die USA Zölle auf chinesische Produkte im gegenwärtigen Wert von ungefähr 250 Mrd. US … im Durchschnitt über alle betroffenen Produkte in den USA um ca. 4,5% steigen, während die chinesischen Anbieter ihre … Verringerung der Importe um lediglich 37%; daher geht auch das bilaterale Handelsbilanzdefizit der USA mit China nur um ca. 17 …

Persistent link: https://www.econbiz.de/10012018017

Wie gefährlich ist die angekündigte Handelspolitik von Donald Trump?

Felbermayr, Gabriel; Steininger, Marina - In: ifo Schnelldienst 69 (2016) 22, pp. 34-41

Die Wahl von Donald Trump zum 45. Präsidenten der USA am 8. November 2016 stellt die europäischen Partner vor einige … Zoll- und andere Schranken zu errichten. Simulationen mit dem ifo-Handelsmodell zeigen, dass eine Abschottung der USA mit … erheblichen Wohlstandsverlusten für das Land verbunden wäre. Das BIP würde um bis zu 9% sinken, wenn die USA Importzölle von 45 …

Persistent link: https://www.econbiz.de/10011694064