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Is the global economy fragmenting?
Blanga-Gubbay, Michael; Rubínová, Stela - 2023 - Manuscript date: 30 November 2023
decoupling between the world's two largest economies. Results based on gravity model regressions with high-dimensional fixed … other hand, we find no evidence of an increased regionalisation of world trade since the shock of the COVID-19 pandemic or … the war in Ukraine. Therefore, our results suggest that near-shoring strategies did not have a large impact on world trade …
Persistent link: https://www.econbiz.de/10014437262
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Footloose global value chains : how trade costs make a difference
Jakubik, Adam; Stolzenburg, Victor - 2019 - Manuscript date: November 2019
The geography of global value chains (GVCs) depends crucially on trade costs between countries hosting various stages of production. Some stages might be more sensitive to trade costs than others. In this paper, we exploit a value-added decomposition of bilateral trade flows to distinguish low...
Persistent link: https://www.econbiz.de/10012126085
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The impact of geopolitical conflicts on trade, growth, and innovation
Góes, Carlos; Bekkers, Eddy - 2022 - Manuscript date: 10 June 2022
Geopolitical conflicts have increasingly been a driver of trade policy. We study the potential effects of global and persistent geopolitical conflicts on trade, technological innovation, and economic growth. In conventional trade models the welfare costs of such conflicts are modest. We build a...
Persistent link: https://www.econbiz.de/10013270793
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How will global trade patterns evolve in the long run?
Bekkers, Eddy; Corong, Erwin L.; Métivier, Jeanne; … - 2023 - Manuscript date: 31 January 2023
In this paper the evolution of global trade patterns until 2050 is projected with a recursive dynamic computable general equilibrium (CGE) model. Feeding the model with exogenous projections on macroeconomic, demographic, sectoral and trade cost variables, the evolution of trade patterns emerges...
Persistent link: https://www.econbiz.de/10013535798
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Africa's integration in the WTO multilateral trading system : academic support and the role of WTO Chairs
Smeets, Maarten - 2021 - Manuscript date: 22 February 2021
The Marrakesh Agreement establishing the WTO recognizes the need for positive efforts designed to ensure that developing countries and especially the least developed among them secure a share in the growth in international trade commensurate with the needs of their economic development.This...
Persistent link: https://www.econbiz.de/10012436848
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Institutions, trade policy and trade flows
Jansen, Marion; Nordås, Hildegunn Kyvik - 2004 - Manuscript date: April 2004
This paper analyses to which extent domestic institutions affect trade flows. We use two complementary approaches, one focusing on the size of total trade flows and one focusing on bilateral trade patterns (gravity equation). Besides, we control for two other domestic policy variables: trade...
Persistent link: https://www.econbiz.de/10010205557
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The falling elasticity of global trade to economic activity : testing the demand channel
Auboin, Marc; Borino, Floriana - 2017 - Manuscript date: April 2017
Since the recovery from the great financial crisis in 2010, global real trade flows grew much slower than pre-crisis, in both absolute terms (growth rates) and relative terms (relative to GDP, from 2:1 in the great 1990's to 1:1 since 2012) A debate has arisen as to whether this global trade...
Persistent link: https://www.econbiz.de/10011635156
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Applying import-adjustmed demand methodology to trade analysis during the COVID-19 crisis: what do we learn?
Auboina, Marc; Borino, Floriana - 2022 - Manuscript date: March 2022
In this paper, we estimated the standard (macro-economic) import equation over the period 1995-2021Q2, using an import intensity-adjusted measure of aggregate demand (IAD) calculated from input-output tables at country level, and compared the results with regressions using GDP. Initially...
Persistent link: https://www.econbiz.de/10013198184
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Women's economic empowerment : an inherent part of Aid for Trade
Der Boghossian, Anoush - 2019 - Manuscript date: 25 April 2019
Aid for Trade supports developing and least-developed countries in building their trade capacity and in increasing their exports by turning market access opportunities into market presence. It does so by addressing four key areas: trade policy & regulations; economic infrastructure; building...
Persistent link: https://www.econbiz.de/10012009093
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Can economic sanctions be effective?
Smeets, Maarten - 2018 - Manuscript date: March 2018
While economic sanctions may be attractive policy tools for governments wanting to express discontent with a country's behaviour, it is arguable if from an economic perspective sanctions can achieve the change that is often envisaged through the punitive measures taken. In fact, the literature...
Persistent link: https://www.econbiz.de/10011810315