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Trade costs such as applied tariffs, transportation and insurance costs are amplified as they pass through the multiple production steps associated with modern supply chains. This so called "cascade effect" arises since trade costs accumulate as intermediate goods are imported and then...
Persistent link: https://www.econbiz.de/10012964525
This paper challenges and complements existing studies on the economic impact of Brexit providing a discussion of the UK's decision to leave the EU and how it will affect international trade networks and value-added. Using the World Input-Output Database, we develop a multi-sector inter-country...
Persistent link: https://www.econbiz.de/10012890429
This paper presents the first detailed and holistic description of the European production network (EPN) and provides different rankings of the most 'systemically important' industries involved in Brexit. Employing techniques of complex networks analysis and Input-Output traditional tools, the...
Persistent link: https://www.econbiz.de/10012891187
Trade costs such as applied tariffs, transportation and insurance costs are amplified as they pass through the multiple production steps associated with modern supply chains. This so-called "cascade effect" arises since trade costs accumulate as intermediate goods are imported and then...
Persistent link: https://www.econbiz.de/10011594191
facilitation policies that lowered tariff duties and reduced other transaction costs. Tariff escalation inhibits exports when firms …
Persistent link: https://www.econbiz.de/10012967206
The world’s economy did not suffer de-globalisation after the 2008-2009 Global Crisis, but entered a phase of "New Normal". While trade-income elasticity has been returning to its pre-1990s long-term values, the world is much more open to trade today than it was 25 years ago. We show that part...
Persistent link: https://www.econbiz.de/10014131802
Global value chains (GVCs) break up the production process so different steps can be carried out in different countries. It will come as no surprise that GVC trade is very vulnerable to trade costs, which are amplified and magnified when production is geographically fragmented. This paper...
Persistent link: https://www.econbiz.de/10014034103
United Kingdom, Italy and Japan). The analysis is decomposed by geographical destination of the exports (44 partner countries …
Persistent link: https://www.econbiz.de/10008539988
The paper offers a novel explanation for China’s manufacturing exports performance after WTO entry. Building on … conjunction with China’s WTO accession, and examines its effect on China’s exports to the EU. The results reveal that: (i) the …
Persistent link: https://www.econbiz.de/10011438557
India in a simultaneous equation framework. Results suggest that demand for Indian exports increases when its export prices … fall in relation to world prices. Furthermore, the real appreciation of the rupee adversely effects India's exports. Export … supply is positively related to the domestic relative price of exports and higher domestic demand reduces export supply …
Persistent link: https://www.econbiz.de/10011608021