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Liberalisation and technological developments have led to the fragmentation of production and the emergence of the concept of global value chains. This has ushered in the role of services for linking the production network, resulting in a greater composition of services in the value of tradable....
Persistent link: https://www.econbiz.de/10010532605
As India seeks to strengthen trade, investment and other forms of economic cooperation with ASEAN, Myanmar is an essential strategic partner, since it is the only ASEAN nation with which India shares both land and maritime borders. As a "gateway" to South East Asia, Myanmar is also vital in...
Persistent link: https://www.econbiz.de/10012018905
effect of relative functional specialisation on wages and non-wage working conditions. In line with the GVC literature … functional specialisation patterns on wages in EU member states at the industry level across time. While relative functional … specialisation in fabrication tends to hold back wages, functional specialisation in R&D has a positive effect on wage progression …
Persistent link: https://www.econbiz.de/10014279986
Gino Gancia, Giacomo Ponzetto and Jaume Ventura have written an extremely interesting paper on a topic that is very timely for the global economy. In this article, I will first argue that GPV have succeeded in formalizing their hypothesis, and that while providing very suggestive analytical...
Persistent link: https://www.econbiz.de/10012138999
The preferential trade agreement between the Eurasian Economic Union (EAEU) and Iran on mutual trade entered into force in October 2019. In this report we estimate its expected impact at aggregate and sectoral levels using the gravity model of trade based on the global sample of bilateral trade...
Persistent link: https://www.econbiz.de/10012213760
. Wages, employment and welfare increase as a result of further product market integration. It is interesting to note that the …
Persistent link: https://www.econbiz.de/10012142284
), the ‘quality’ of such integration in terms of technological capabilities and the structure of employment in European … countries and sectors. We study employment shares in fabrication and headquarter occupations in terms of functional … specialisation and employment upgrading, making two specific contributions. First, we explicitly account for pre-existing asymmetries …
Persistent link: https://www.econbiz.de/10012649535
reduces the employment level, the share of employment in the population, the hourly wage, the interindustry wage premium, and … the share of informal employment. The industry-level results indicate that a rise in import penetration from either China … or the rest of the world (ROW) reduced the employment level, hourly wage, and share of informal employment while …
Persistent link: https://www.econbiz.de/10012154672
The paper develops a simple three-sector model of a developing country with nominal wage rigidity, in which one sector is thought of as the primary sector and the other two are sectors in which the country can diversify. The paper then analyzes the relationship between the market structure of...
Persistent link: https://www.econbiz.de/10005825986
Under India-Korea Comprehensive Economic Partnership Agreement, both India and Korea have offered trade liberalisation commitments in services. This paper examines the CEPA with the objective of identifying potential areas for harnessing services trade between the two countries. Using the...
Persistent link: https://www.econbiz.de/10010404660