Highly dynamic and large scale structural changes are currently reshaping the world economy and international trade. When compared to other similar experiences in the past, astonishing is not only the fast pace of global transformations, but also their wide scope affecting virtually the entire...

This paper aims to highlight some of the recent developments in global trade in services. It sets out three main objectives. Firstly, to analyse the increasing interdependence between global trade flows in goods and services against the background of rapid expansion of global production networks...

This paper aims to highlight some of the recent developments in global trade in services. It sets out three main objectives. Firstly, to analyse the increasing interdependence between global trade flows in goods and services against the background of rapid expansion of global production networks...

There is an ongoing debate in the literature about the quality content of Chinese exports and to what extent China imposes a threat to the market positions of advanced economies. While China’s export structure is very similar to that of the advanced world, its export unit values are well below...

In recent years empirical studies offer clear evidence on the increasing importance of intra-industry trade in presence of vertically differentiated products. These are goods that, within the same industry, are distinguished by different quality levels. In the new trade theory and in the...

Las intensas transformaciones registradas por la economía mundial a lo largo de los últimos veinticinco años han modificado profundamente la naturaleza y magnitud de los flujos comerciales entre países. La incorporación de grandes potencias emergentes al sistema económico internacional ha...

This paper explores firms’ export dynamics in emerging economies where local firms face stiff foreign competition, both at home and abroad, and thus compelled to choose the level of quality in which to export. We develop and test a model of vertical product differentiation where the link...

We analyse firms' sourcing decisions under institutional uncertainty in foreign countries. Firms can reduce their uncertainty by observing offshoring firms' behaviour. The model characterises a sequential offshoring equilibrium path, led by the most productive firms in the market. With multiple...

The article analyses the duration of exports of individual products of former communist countries to the enlarged European Union (EU25) employing survival analysis. The results show that the duration of trade differs across EU10 and EU15 markets, for the majority of countries the length of trade...