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deterioration in US-China political relations on Australia-China bilateral trade. By imposing a recursive identification scheme with … different assumptions, the empirical results illustrate that worsening US-China political relations have a negative impact on … Australian exports to and imports from China. Under a time-varying structural vector autoregression model, it is found that the …
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The emergence of production networks has changed the structure of international trade, which a large share of intra-regional trade flows and the rising value of intermediate goods trade or network trade between countries within the same region reflect. While a production network exists in both...
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