This paper aims to provide a non-technical explanation of the concept of trade in value added, with particular reference to East Asia. The trade in value added approach allows us to redefine the relationship between countries of origin and destination in international trade, and thereby...

The successive versions of the GTAP databases are provided with GTAPAgg, a programme that computes values of the series of the database for any regional and sectoral aggregation. A 'self-trade' issue arises from the fact that GTAPAgg aggregates the several series concerned with international...

The anemic pace of the recovery of the U.S. economy from the Great Recession has frequently been blamed on heightened uncertainty, much of which concerns the nation's fiscal policy. Intuition suggests that increased policy uncertainty likely has different impacts on industries with different...

The anemic pace of the recovery of the U. S. economy from the Great Recession has frequently been blamed on heightened uncertainty, much of which concerns the nation’s fiscal policy. Intuition suggests that increased policy uncertainty likely has different impacts on different industries, to...

This paper quantifies the links from demand for Australia's natural resources to activity in other domestic industries by using structural relationships embedded in input-output tables. Extending the methodology of Kouparitsas (2011), we estimate the size, growth rate, and industry value-added...

The increase in Australia's terms of trade since the mid 2000s gave rise to a surge in resource investment, an appreciation of the exchange rate, and a reallocation of labour and capital in the economy. This article examines the impact of the resources boom on the Australian economy in terms of...

Renewable energy is playing an increasing role in energy mixes around the world, including Europe, which is aiming for a target of 20% renewable energy by 2020. Portugal is at the forefront of the European intention, with a 31% target. The advantages of the application of renewable energy...

The aim of the Kyoto Protocol is to reduce the growth of greenhouse gases emissions. In this context, it is very important to characterize the economic sectors according to environmental indicators to properly design environmental policies; Moreover, it could be advisable to analyze the...

This paper addresses the question whether the results of input-output (IO) impact analyses differ (and to what extent) when a framework in current prices or in constant prices is used. We consider the effect of an exogenous stimulus of final demand in current prices on (a) gross output in...

Abstract One of the main stylised facts that has emerged from the recent literature on global value chains is that bilateral trade imbalances in gross terms can differ substantially from those measured in value added terms. However, the factors underlying the extent and sign of the differences...