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The spread of global value chains (GVCs) has given rise to new statistical tools, the Inter-Country Input-Output tables and new analytical frameworks aimed at properly identifying production linkages between and within economies. However, several important questions remain unaddressed. This...
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, despite well-known deficiencies. This paper develops and applies optimal aggregators for the real-world case of multiple …
Persistent link: https://www.econbiz.de/10012975999
This paper provides up-to-date characterization of the association between trade and GDP comovement -- also called the trade comovement slope -- for 150 countries from 1962 to 2011. The paper shows that trade is significantly linked to more GDP correlation, either directly through bilateral...
Persistent link: https://www.econbiz.de/10012857746
Services play a role in global value chains in many ways, similar to goods. But services deserve special attention because of how they are transacted, how they affect downstream sectors, how they are regulated, and how international cooperation can contribute to integrating national markets....
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Preferential trade agreements have become deeper over time, often encompassing policy areas that go beyond traditional … trade policy, such as investment, competition, and intellectual property rights protection. In the literature, a prominent … adding a policy area to a trade agreement increases the domestic value added of intermediates (forward global value chain …
Persistent link: https://www.econbiz.de/10012912338
Origin as an implicit trade barrier for imports from the rest of the world. Global Value Chains are most relevant to …
Persistent link: https://www.econbiz.de/10012845597
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