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since declined, contributing negatively to world trade in 2019 and suggesting that the global market may now be saturated …
Persistent link: https://www.econbiz.de/10012251397
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/10013170052
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/10012103687
Singapore is one of the world's most open economies, with the size of its trade reaching about 350 percent of its GDP …
Persistent link: https://www.econbiz.de/10011445351
data between 1970 and 2018, we observe that globalization increased the similarity of countries' global climate risk …
Persistent link: https://www.econbiz.de/10012487302
This paper surveys the literature on the relationship between international trade and inclusive growth. It examines claims that the rise in inequality in many countries can be attributed to the concurrent rise in trade competition, especially from EMEs like China, spurring trade tensions and...
Persistent link: https://www.econbiz.de/10012518909
We examine the role of cross-border input linkages in governing how international relative price changes influence demand for domestic value added. We define a novel value-added real effective exchange rate (REER), which aggregates bilateral value-added price changes, and link this REER to...
Persistent link: https://www.econbiz.de/10011373959
major G7 countries during 1995-2014, a period that saw an unprecedented rise in globalization and business innovation …
Persistent link: https://www.econbiz.de/10012001582
Over the last two decades, world trade and production have become increasingly organized around global value chains …
Persistent link: https://www.econbiz.de/10012001583
We estimate world cycles using a new quarterly dataset of output, credit and asset prices assembled using IMF archives … and covering a large set of advanced and emerging economies since 1950. World cycles, both real and financial, exist and … time. Although this is true for prices (goods and assets), this not true for quantities (output and credit). The world …
Persistent link: https://www.econbiz.de/10012103742