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Global value chains (GVCs) change many of the stylised facts on which trade or economic development models were based: something original and new is happening in the international economy, with profound economic and social implications at home. The financial crisis of 2008-2009 and the resulting...
Persistent link: https://www.econbiz.de/10014036114
This paper studies the great collapse in value added trade using a structural decomposition analysis. We show that changes in vertical specialisation accounted for almost half of the great trade collapse, while the previous literature on gross trade has mainly focused on final expenditure,...
Persistent link: https://www.econbiz.de/10011419994
This paper studies the great collapse in value added trade using a structural decomposition analysis. We show that changes in vertical specialisation accounted for almost half of the great trade collapse, while the previous literature on gross trade has mainly focused on final expenditure,...
Persistent link: https://www.econbiz.de/10011605878
This paper studies the great collapse in value added trade using a structural decomposition analysis. We show that changes in vertical specialisation accounted for almost half of the great trade collapse, while the previous literature on gross trade has mainly focused on final expenditure,...
Persistent link: https://www.econbiz.de/10012099941
an international input-output data compiled by Groningen University. In the case with three countries (China, the USA and … the rest of the world; ROW) and many sectors, the China-USA trade balance or the USA-China imbalance measured in value … added for 2010 is 23.5% smaller than that in gross terms, whereas the China-ROW trade balance in value added is 94% larger …
Persistent link: https://www.econbiz.de/10010734523
estimate direct and indirect domestic value added in exports of different types of firm. We find that in China, both state … downstream within industries. These findings suggest that SOEs still play an important role in shaping China's exports …
Persistent link: https://www.econbiz.de/10013053056
Persistent link: https://www.econbiz.de/10012425910
The Internet greatly increases firms' potential to produce new goods and service for new markets. The Internet is also having a dramatic impact on services, especially in the retail, trade and finance sectors, by enabling firms to digitize their products and deliver them over long distances....
Persistent link: https://www.econbiz.de/10011667011
This study focuses on the implications of rising global value chains (GVCs) on international trade and analysis the impacts on small open economies. Small open economies rely heavily on international trade and are highly integrated in global production networks but have so far been hardly...
Persistent link: https://www.econbiz.de/10011392681
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