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The paper offers an overview of some key conceptual aspects associated with the rise of global value chains (GVCs). It outlines a series of alternative interpretations and definitions of what the rise of GVCs entails, and it traces the implications of these alternative conceptualizations for the...
Persistent link: https://www.econbiz.de/10012228282
, and investment promotion activities. The survey finds that a business-friendly policy environment is critical to …, and foreign ownership levels affecting their perceptions of and sensitivity to various policy factors. Thus, policy makers … should tailor their policy efforts to the needs of priority investor segments. Notably, the analysis consistently finds …
Persistent link: https://www.econbiz.de/10012390331
The world economy has experienced four global recessions over the past seven decades: in 1975, 1982, 1991, and 2009 … internationally, with severe economic and financial disruptions in many countries around the world. The 2009 global recession, set off …
Persistent link: https://www.econbiz.de/10012230745
Rules of Origin as an implicit trade barrier for imports from the rest of the world. Global Value Chains are most relevant …
Persistent link: https://www.econbiz.de/10012168114
The global economy has witnessed a decline in inflation and an increase in inflation synchronization since the early 1980s. This paper investigates the relationship between inflation synchronization and trade integration, and documents the strong link between inflation co-movement and Global...
Persistent link: https://www.econbiz.de/10012168117
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 trade,...
Persistent link: https://www.econbiz.de/10012168119
For decades, manufacturers around the world have outsourced production to countries with lower labor costs. However …
Persistent link: https://www.econbiz.de/10012168129
This paper assesses the international comovement of gross capital flows in a setting simultaneously encompassing aggregate inflows and outflows. It uses as empirical framework a multilevel latent factor model, implemented on flow data for a large sample of countries over more than three decades....
Persistent link: https://www.econbiz.de/10012008280
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...
Persistent link: https://www.econbiz.de/10012008339
inequality. To reduce the incidence of low-quality jobs, tax policy interventions should go hand in hand with more effective …
Persistent link: https://www.econbiz.de/10012113993