Artículo de revista ; This article describes the main characteristics of the trade agreement reached between the European Union (EU) and the Common Market of the South (MERCOSUR) in 2019 and presents estimates of its possible impact on trade and GDP in the two areas." "It is an ambitious...

Este artículo estima el impacto del MERCOSUR sobre los flujos comerciales y el bienestar usando un modelo de gravedad estructural cuantitativo estándar. El impacto sobre los flujos de comercio bilateral y sobre el bienestar es altamente heterogéneo entre los países del MERCOSUR. El aumento...

In this paper we show that value-added mark-ups tend to be pro-cyclical in manufacturing and counter-cyclical in market services. However, at the sectoral level value-added mark-ups may be misinterpreted if intermediate input variations are ignored. This is particularly true in the case of the...

Las economías avanzadas están experimentando una transformación estructural de la industria hacia los servicios. Nosotros documentamos que el cambio estructural viene con un proceso de services deepening: a lo largo del tiempo, tanto los servicios como la industria utilizan más y más bienes...

The increased importance of fragmentation in world trade has created an interest among trade economists to explain the determinants of trade in intermediate goods. A substantial part of trade in intermediates between the US and OECD countries takes the form of intra-industry (IIT). I have...

In this study the case of olive oil imports of Germany is examined since olive oil is a traditional Mediterranean commodity and Germany is the biggest importer in the EU. A gravity model has been employed so as to analyse those factors that explain the German imports of olive oil that were...