The paper presents the new data collection and the estimation methodology for the external statistics, the results of the comparison between the old and the new data in the overlapping period and the evolution of the Italian balance of payments and international investment position since the...

Quantifying the effects of trade policy in the age of 'global value chains' (GVCs) requires an enhanced analytical framework that takes the observed international input-output relations in due account. However, existing quantitative general equilibrium models generally assume that industry-level...

Italian Abstract: Lo studio esamina l'andamento della spesa dei turisti stranieri in Italia e della quota del nostro paese nel mercato mondiale delle spese dei turisti all'estero (le esportazioni di servizi turistici) dall'inizio dello scorso decennio. Il lavoro propone un confronto con gli...

Italian Abstract: Lo studio esamina l'andamento della spesa dei turisti stranieri in Italia e della quota del nostro paese nel mercato mondiale delle spese dei turisti all'estero (le esportazioni di servizi turistici) dall'inizio dello scorso decennio. Il lavoro propone un confronto con gli...

Production networks in the European Union (EU) and the United Kingdom (UK) are highly integrated and Brexit poses a threat to supply and demand linkages across the Channel. In a world of Global Value Chains (GVCs), tariffs might be more harmful than in a world where trade is purely direct. In...

We propose an analysis for the largest euro-area countries (France, Germany, Italy and Spain), based on the framework developed by Koopman et al. (2014) for tracing value added in a country's exports by source and use. We integrate their approach by introducing an additional dimension: the...

This paper describes the main features of Global Value Chains (GVCs) in the euro area taken as a whole and compares with other large trade players like the US, China and Japan. In addition, the perspective of individual euro area countries is considered, with a focus on intra euro area linkages....

Quantifying the effects of trade policy in the age of 'global value chains' (GVCs) requires an enhanced analytical framework that takes due account of the observed international input-output relations. However, the existing quantitative general equilibrium models generally assume that...