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Economic sanctions are intensively used by international institutions to enforce political objectives. Since 2006 the … EU has been implementing general sanctions against the whole economy of Iran, affecting their trade relations. Since 2007 …, and following the imposition of sanctions by the UN Security Council, the EU has also implemented smart sanctions …
Persistent link: https://www.econbiz.de/10012219012
We develop a quantitative theory of prices in firm-to-firm trade with bilateral negotiations and two-sided market power. Markups reflect oligopoly and oligopsony forces, with relative bargaining power as weight. Cost pass-through elasticities into import prices can be incomplete or complete,...
Persistent link: https://www.econbiz.de/10014465091
Persistent link: https://www.econbiz.de/10013447962
This paper estimates the trade, revenue, and welfare effects of the proposed Caribbean Community (CARICOM)-Canada free trade agreement (FTA) on CARICOM countries using a partial equilibrium model. The welfare analysis also takes into account the Economic Partnership Agreement, which was signed...
Persistent link: https://www.econbiz.de/10011545139
The preferential trade agreement between the Eurasian Economic Union (EAEU) and Iran on mutual trade entered into force in October 2019. In this report we estimate its expected impact at aggregate and sectoral levels using the gravity model of trade based on the global sample of bilateral trade...
Persistent link: https://www.econbiz.de/10012213760
The world economy is increasingly shaped by cross-border production and investment activity. The paper uses complex network analysis along with panel data econometric techniques to study the structure and interactions between the networks of global value chains (GVC) and foreign direct...
Persistent link: https://www.econbiz.de/10012589359
In this paper we provide a method to characterise global value chains and a related decomposition of bilateral gross exports by distinguishing three different stages of the value-added flows: (i) the source of value added, (ii) the final assembly stage of a product, and (iii) the final...
Persistent link: https://www.econbiz.de/10012617632
The paper studies the drivers of productivity at country and sectoral levels over the period 2000-2017 with the focus on the impact of capital accumulation and structure. The analysis confirms an especially important role of ICT and intangible digital capital for productivity growth,...
Persistent link: https://www.econbiz.de/10012209649
In the age of globalisation, international trade and foreign direct investment (FDI) have become integral elements of cross-country production sharing. In this paper we empirically assess the impact of FDI, as well as capital dynamics and structure, on the formation of global value chains (GVC)...
Persistent link: https://www.econbiz.de/10012153901
Global value chains (GVCs) provide countries with opportunities to diversify trade, and boost productivity and growth by specializing in one stage of the production process. However, for the most part, Latin America and the Caribbean participation in GVCs remains low (18 percent) compared to...
Persistent link: https://www.econbiz.de/10014494273