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For nearly two decades, growth of international trade has been underpinned by the development of intermediate goods cross exchanges resulting from a new international division of labour. The share of trade in inputs, also called vertical trade, has dramatically increased. Simultaneously, there...
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For nearly two decades, the share of trade in inputs, also called vertical trade, has dramatically increased. This paper suggests a new measure of international trade: “value-added trade”. Like many existing estimates, “value-added trade” is net of double-counted vertical trade. It also...
Persistent link: https://www.econbiz.de/10011164397
The recent rise of populism in advanced economies reveals major voter discontent. To effectively respond to voters’ grievances, researchers and policymakers need to understand their drivers. Recent empirical research shows that these drivers include both long-term trends (job polarization due...
Persistent link: https://www.econbiz.de/10012300234
How does international trade affect the popularity of government and leaders? Using data covering 118 countries and nearly 450,000 individuals, we show that attitudes towards globalisation depend on both individuals' skill levels and the skill intensity of the country's exports and imports. Our...
Persistent link: https://www.econbiz.de/10012917696
How does international trade affect the popularity of governments and leaders? We provide the first large-scale, systematic evidence that the divide between skilled and unskilled workers worldwide is producing corresponding differences in the response of political preferences to trade shocks....
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