Showing 1 - 10 of 317
In light of increased vertical specialization and the dominance of trade in intermediates rather than final goods, this paper seeks to raise awareness of the limitations of traditional trade measures on a gross output basis. To do so, this paper uses the WIOD, a world input output table, as an...
Persistent link: https://www.econbiz.de/10012977760
In February 2016, twelve Pacific Rim countries signed the agreement on the Trans Pacific Partnership (TPP), one of the largest and most comprehensive trade deals in history. While there are several estimates of the likely effects of the TPP, there is no systematic study on the effects on all...
Persistent link: https://www.econbiz.de/10012977870
integration along several dimensions to better understand the sources of trade connectivity and their impact on growth. The paper … scope to improve connectivity and increase their roles in regional and world trade networks …
Persistent link: https://www.econbiz.de/10012950403
Over the last two decades, world trade and production have become increasingly organized around global value chains (GVC). Recent theoretical work has shown that countries can benefit from participation in GVCs through multiple channels. However, little is known empirically about the economic...
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
Asia and China made disproportionate contributions to the slowdown of global trade growth in 2015. China's import …'s rebalancing are estimated for some 60 countries using value-added trade data, and are found to be more negative on Asia and …
Persistent link: https://www.econbiz.de/10012977866
In emerging Asia, banks constitute the dominant source of financing consumption and investment, and bank balance sheets …
Persistent link: https://www.econbiz.de/10013243072
This paper estimates the impact of China's exchange rate changes on exports of competitor countries in third markets, which we call the "spillover effect". We use recent theory to develop an identification strategy in which competition between China and its developing country competitors in...
Persistent link: https://www.econbiz.de/10013106742
The rise of global supply chains has had profound effects on individual economies and the global trading system, thereby complicating standard macroeconomic analyses. For many of the new and challenging questions brought about by this phenomenon, such as its impact on the global business cycle...
Persistent link: https://www.econbiz.de/10012860988
We study economic globalization as a multidimensional process and investigate its effect on incomes. In a panel of 147 … countries during 1970-2014, we apply a new instrumental variable, exploiting globalization's geographically diffusive character …, and find differential gains from globalization both across and within countries: Income gains are substantial for …
Persistent link: https://www.econbiz.de/10012922630