empirically investigate two channels through which a country's integration into GVCs may increase the income elasticity of its … exports. First, GVCs may simply be concentrated in sectors that are more sensitive to external income fluctuations … intrinsically higher income elasticity than regular trade. …

raised questions about the desirability and viability of export regimes primarily orientated towards the markets of high-income … theoretical considerations. It then undertakes an econometric analysis to estimate income elasticities of import demand for … question whether South-South trade is generally characterized by higher income elasticities of import demand than South …