. Conflict is also associated with dramatic declines in official trade, with exports (imports) estimated to be 58 (34) percent …

Over the last two decades, world trade and production have become increasingly organized around global value chains … evolution over time in order to contribute to this topic. We find that GVC-related trade, rather than conventional trade, has a … the standard gravity literature for GVC trade; highlighting the key role of institutional features such as contract …

Global merchandise trade expanded rapidly over the last 6 1\2 decades and its relationship with global income has seen … in the current and longer term context. The conjunctural context comes from, among other things, the 'great trade … the relative role of 'globalization' and 'technology' shocks in accounting for the short and long run variance of global …

advantage. Financial globalization then induces more specialization and more trade. The present framework yields explicit closed … industrial specialization and low international trade. As international portfolio diversification is limited and productivity is …-form solutions for the volume and the structure of trade. Empirical results support the implications of the theory. Trade in …

and liabilities (such as trade imbalances, investment income flows, and capital gains) for major external creditors and … the weight of U.S. liabilities in the rest of the world''s stock of external assets. Finally, it relates the empirical …

wisdom that globalization has increased the degree of synchronization of business cycles. The evidence that trade and …This paper examines the impact of rising trade and financial integration on international business cycle comovement …