We analyze the relationship between domestic value chains (DVCs) and global value chains (GVCs). We study whether the development of DVCs has an effect on – or can even be considered a precondition for – the integration into GVCs. We provide evidence that DVC integration positively affects...

MONASH models are descended from Johansen's 1960 model of Norway. The first MONASH model was ORANI, used in Australia's tariff debate of the 1970s. Johansen's influence combined with institutional arrangements in their development gave MONASH models distinctive characteristics, facilitating a...

In this study, we investigate three trade policy scenarios: i) the revival of multilateralism, ii) plurilateral cooperation, and iii) geopolitical rivalry. In the first scenario, both tariffs and NTMs are reduced on a multilateral basis. In the second scenario, varying groups of countries...

The pace of political-economic change in former East Bloc nations of Europe defies accurate prediction. Some events such as more price-directed markets are predictable enough but integration of former East Bloc countries into the European Community remains a matter of speculation. Analysis...