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collapse in 2008-2009 and a rapid rebound of trade flows thereafter proved the important role of GVCs as ‘the world economy … additional ways of looking at world trade flows would allow deeper understanding of the true trade linkages between countries …
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Global value chains which have spread across the world economy require a strong global institutional framework to …
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This paper considers the linkages between output growth and output volatility for the sample of G7 countries over the period 1958M2-2011M7, thereby paying particular attention to spillovers within and between countries. Using the VAR-based spillover index approach by Diebold and Yilmaz (2012),...
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