Trade costs such as applied tariffs, transportation and insurance costs are amplified as they pass through the multiple production steps associated with modern supply chains. This so called "cascade effect" arises since trade costs accumulate as intermediate goods are imported and then...

When firms trade in “tasks” rather than in final products, the weight of tariffs and transportation costs on factory prices and on international competitiveness is magnified. With goods crossing national borders many times before reaching the final consumer, these trading costs are also...

The paper analyses the interindustry spillover effects of bilateral trade conflicts using the example of the 2018-2019 China-USA bilateral trade war. Empirical results are produced using a new heuristic method based on hypothetical extraction and substitution in an International Input-Output...

The paper investigates the role of global supply chains in explaining the trade collapse of 2008-2009 and the long-term variations observed in trade elasticity. Building on the empirical results obtained from a subset of input-output matrices and the exploratory analysis of a large and...

Global supply chains reshaped international trade since the 1980s. Their role in explaining the trade collapse that followed the financial crisis of September 2008 was determinant. Because manufacture production is internationally fragmented, adverse external shocks affect firms not only through...

This conference paper is a contribution to the panel on “Future of Business: Disruptions and Strategic Impact”. While the 1990s and early 2000s were seen as a golden age for Global Value Chains, the 2010s have witnessed a series of crisis that shacked the political and institutional...