Showing 1 - 10 of 304
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 …
Persistent link: https://www.econbiz.de/10012001583
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 protectionist measures. The paper investigates the conflicting …
Persistent link: https://www.econbiz.de/10012518909
This paper investigates the effect of timeliness in accessing the intermediate inputs on the trade pattern. In …
Persistent link: https://www.econbiz.de/10011716655
The COVID-19 pandemic has led to an unprecedented collapse in global economic activity and trade. The crisis has also …
Persistent link: https://www.econbiz.de/10012252668
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 …
Persistent link: https://www.econbiz.de/10011711761
This paper empirically investigates the impact of tariffs when production is organized in global value chains. Using … tariffs at different stages of the production chain for a broad set of countries and industries. Our results suggest that … possible long-term effects of recent trade tensions …
Persistent link: https://www.econbiz.de/10013170052
Recent literature has highlighted that international trade is mostly priced in a few key vehicle currencies and is … reexamines the relationship between monetary policy, exchange rates and international trade flows. Using a dynamic stochastic … general equilibrium (DSGE) framework, it finds key differences between the response of final goods and GVC trade to both …
Persistent link: https://www.econbiz.de/10013170273
, in the short run, the production structure is highly inflexible, and that this rigidity has, if anything, risen over time … account for the U.S. dollar's outsized role in trade through invoicing. While in the long run all estimated elasticities rise …
Persistent link: https://www.econbiz.de/10012103687
weighing on trade in recent years, especially in emerging market and developing economies, as evidenced by the non …Global trade growth has slowed since 2012 relative both to its strong historical performance and to overall economic … slowdown in trade using a reduced form and a structural approach. Both analytical investigations suggest that the overall …
Persistent link: https://www.econbiz.de/10011763603
Economic adjustment and reform programs, including those supported by international financial institutions (IFIs), must cope with informational asymmetries and special interest politics. This presents a particularly serious issue when IFIs make structural economic reforms a condition for...
Persistent link: https://www.econbiz.de/10014400737