This paper examines the impact of one transmission channel for the economic effects of a shift from offline to online consumption: cross-border trade costs. We use data on cross-border e-commerce between EU Member States to estimate the implied cross-border trade cost reduction when consumers...

The studies summarised in this paper focus on the economic implications of euro area firms’ participation in global value chains (GVCs). They show how, and to what extent, a large set of economic variables and inter-linkages have been affected by international production sharing. The core...

We analyse potential consequences of the forthcoming Trade and Investment Partnership between the European Union and the United States (TTIP) for trade orientation of both partners. We do it with the short analysis of the characteristics of the third wave of regionalism and the TTIP position in...

The growing importance of Japan on the world market has brought with it changes in the international division of labour and a shift in the focus of the expansion in world trade away from the EC and the USA. What factors determine the shares of the EC, the USA and Japan in international trade?...