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A major feature of globalization has been the enormous increase in international flows of goods and services: countries are now trading much more with each other. In this article, the authors demonstrate the greater role vertical specialization is playing in these increased flows. Vertical...
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export price data combined with data on 32 WTO (World Trade Organization) accessions by developing countries and hundreds of … increase in export prices of differentiated goods. For WTO, this effect is captured by the developing countries that were … particular, we find that PTAs with provisions on investments are associated with higher export prices. The results are consistent …
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