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Using data on Chinese large-scale overseas investment and project contracts by sector, we analyze whether Chinese outward activity (COA) before the crisis worsened or alleviated the contractionary phases in developing countries. We find that, on average, COA did not increase vulnerability to the...
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determinants of service offshoring along the extensive and intensive margins. In particular, we evaluate how internal frictions in …-resilience of service trade stems from increased pressures to save on variable costs through offshoring and from its lower …
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determinants of service offshoring along the extensive and intensive margins. In particular, we evaluate how internal frictions in … offshoring and from its lower dependence on external finance. Furthermore, and in line with our argument, we find that a decline …
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