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the US into Mexico on day trips. In contrast to increases in overall US tourism to Mexico and rapidly growing trade … linkages, day trips to Mexico fell by over 20 % between 2000 and 2012. In the popular press, the reduction in short visits is … homicides as a result of the emergence, or radical transformation, of a drug war in Mexico. We show that changes in the US …
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This paper develops a multi-stage general-equilibrium model of global value chains (GVCs) and studies the specialization of countries within GVCs in a world with barriers to international trade. With costly trade, the optimal location of production of a given stage in a GVC is not only a...
Persistent link: https://www.econbiz.de/10012955438
This paper develops a multi-stage general-equilibrium model of global value chains (GVCs) and studies the specialization of countries within GVCs in a world with barriers to international trade. With costly trade, the optimal location of production of a given stage in a GVC is not only a...
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Trade in intermediate goods as one possible link between rising trade and foreign direct investment is examined. To explain growing intermediate goods trade, three hypotheses are brought forward: outsourcing, global sourcing and the increasing importance of MNE networks. These hypotheses are...
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