Showing 1 - 10 of 444
The paper explores how international integration through global value chains shapes the working of exchange rates to induce external adjustment both in the short and medium run. The analysis indicates that greater integration into international value chains reduces the exchange rate elasticity...
Persistent link: https://www.econbiz.de/10012843296
All common real effective exchange rate indexes assume trade is only in final goods, despite the growing presence of global supply chains. Extending effective exchange rate indexes to include such intermediate goods can imply radically different effective exchange rate weights, depending on the...
Persistent link: https://www.econbiz.de/10012906887
Over the last two decades, world trade and production have become increasingly organized around global value chains …
Persistent link: https://www.econbiz.de/10012892927
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
This paper examines the implications of elevated global food prices for inflation in select Central Asian economies … - Kazakhstan, the Kyrgyz Republic, Tajikistan, and Uzbekistan. The findings suggest that global food inflation has significant …
Persistent link: https://www.econbiz.de/10013107077
The exposure of low-income countries to natural disasters has a significant impact on food production and food security …. This paper provides a framework for assessing a country's vulnerability to food crisis in the event of natural disasters …-income countries to adverse external shocks are equally important for minimizing the occurrence of food crisis in the event of natural …
Persistent link: https://www.econbiz.de/10012993722
Advanced economies have been witnessing a pronounced slowdown of productivity growth since the global financial crisis that is accompanied in recent years by a withdrawal from trade integration processes. We study the determinants of productivity slowdown over the past two decades in four...
Persistent link: https://www.econbiz.de/10012840610
paper uses the WIOD, a world input output table, as an alternative trade measure to analyze the role of six newly … the need for more sophisticated world input output data to form a better understanding of global trade dynamics and …
Persistent link: https://www.econbiz.de/10012977760
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
The COVID-19 pandemic has led to an unprecedented collapse in global economic activity and trade. The crisis has also highlighted the role played by global value chains (GVC), with countries facing shortages of components vital to everything from health systems to everyday household goods....
Persistent link: https://www.econbiz.de/10012827584