This paper unveils a systematic pattern in China's processing trade. In a cross-section of Chinese provinces, the average distance traveled by processing imports (import distance) is negatively correlated to the average distance traveled by processing exports (export distance). To explain this...

The growth of East Asia’s intra-regional trade is driven largely by increased component trade within global electronics production networks. Data on both electronics trade and production elucidate a pattern of specialization in which upper- and middle-income countries produce...

Purpose – This paper aims to examine the impact of oil prices on trade's sensitivity to distance. Furthermore, it seeks to investigate if the nature of trade and the type of goods have a mediating role on the oil prices' impact on trade. Design/methodology/approach – A set of gravity models...

Vertical specialization is one of the most notable trends in the international organization of production (Hummels, Jun and Yi, 2001; Yi, 2003; Desai, 2009). Thanks to reductions in communication, transportation and other trade costs, multinational firms are slicing up their value chains and are...