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,...

One of the main stylised facts that has emerged from the recent literature on global value chains is that bilateral trade imbalances in gross terms can differ substantially from those measured in value added terms. However, the factors underlying the extent and sign of the differences between...

The COVID-19 pandemic has impacted trade flows, causing a trade drop in 2020 that was especially sensitive for pharmaceutical and medical products necessary to ensure public health. The production of pharmaceutical products is dispersed in a framework of global value chains. This study aimed to...

There are increasing numbers of published articles in the field of input-output analysis and modelling that use the GTAP input-output database; particularly, in relation to the estimation of carbon, energy and water footprints and the analysis of global value chains and international trade. The...

Products must fulfill predetermined rules of origin to be exported under the preferential access granted by a free trade area member. In turn, rules of cumulation establish which countries' inputs qualify when computing the extent of origin of a product. Recent literature shows that restrictive...

Economic development is interregional in nature, with economic growth being determined by physical and technological proximity identified by interregional and national cross-border interactions in trade, investments, and knowledge. This report explains the construction of a system of...