parameters and the effect of existing preferential trade agreements on trade cost. With those estimates in hand, we simulate the … and reduce non-tariff barriers as other deep PTAs have done in the past. We find a long-run increase of real income of .4 … severe for value added trade than for gross trade. This highlights the importance of global value chains in understanding the …

. The long-run level of real per capita income would change by 2.12% in the EU, by 2.68% in the US, and by -0.03% in the …. Moreover, trade diversion effects are more pronounced in value added trade than in gross trade. This signals a deepening of the …

aspects, as part of the worldwide production of milk, with reference to the place our country in the world ranking of cow milk …, milk productions, cow farm sizes, milk prices in international context etc. The study also integrates the presentation of …The paper performs an analysis of the Romanian sector of milk, identifying the status at global level, under various …

This paper empirically investigates the impact of tariffs when production is organized in global value chains. Using … tariffs higher up and further down in the value chain depress value added, employment, labor productivity and total factor … competitors. Our paper relates to recent innovations in theoretical gravity models and provides an empirical assessment of …

In a highly integrated global economy, linkages of domestic sectors to global trade measure an economy's ability to … gain from participating in global value chains. On the other hand, the strength of domestic linkages can provide insights … different sectors in the economy source value added from domestic sectors for domestic consumption. An analogous forward …