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This paper studies the great collapse in value added trade using a structural decomposition analysis. We show that changes in vertical specialisation accounted for almost half of the great trade collapse, while the previous literature on gross trade has mainly focused on final expenditure,...
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remaining EU Member States. Focusing on value added generated by the manufacturing sector, the industries which build the …
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specialized on a few key industries: textiles and textile products, basic metals and fabricated metal products, electrical … in pulp and paper, machinery and equipment n.e.c. and electrical and optical equipment. Technology-driven industries … account for a growing share of exports in nearly all candidate countries, labour-intensive industries have growing export …
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