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Resource prices rise when more costly sources need to be exploited. When the world price increases, owners of low … unique properties. We report results for a set of scenarios for a three-region, four-sector, three-resource world economy …-cost endowments relative to world demand and on the differential costs of extraction relative to the highest-cost producer. The paper …
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In this paper the authors apply global value chain (GVC) analysis to recent trends in the global automotive industry, with special attention paid to government interventions triggered by the recent economic crisis. The authors first highlight some of the defining characteristics of GVCs in this...
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