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Stages of diversification in a neoclassical world
Batista, Catia; Potin, Jacques - 2013
Recent research has documented a U-shaped industrial concentration curve over an economy's development path. How far can neoclassical trade theory take us in explaining this pattern? We estimate the production side of the Heckscher-Ohlin model using industry data on 44 developed and developing...
Persistent link: https://www.econbiz.de/10010221543
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Specialization patterns in international trade
Steingress, Walter - 2015
Persistent link: https://www.econbiz.de/10011305248
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Fragmentation in Global Trade : Accounting for Commodities
Bolhuis, Marijn; Chen, Jiaqian; Kett, Benjamin - 2023
We construct a new database which covers production and trade in 136 primary commodities and 24 manufacturing and service sectors for 145 countries. Using this new more granular data, we estimate spillover effects from plausible trade fragmentation scenarios in a new multi-country, multi-sector,...
Persistent link: https://www.econbiz.de/10014358436
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Covid-19 shocking global value chains
Eppinger, Peter S.; Felbermayr, Gabriel; Krebs, Oliver; … - 2020
(in contrast to final goods trade) in transmittingthe shock. In a hypothetical world without GVCs, the welfare loss due to …
Persistent link: https://www.econbiz.de/10012269809
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Covid-19 shocking global value chains
Eppinger, Peter S.; Felbermayr, Gabriel; Krebs, Oliver; … - 2020
(in contrast to final goods trade) in transmitting the shock. In a hypothetical world without GVCs, the welfare loss due …
Persistent link: https://www.econbiz.de/10012291860
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Vertical specialization and gains from trade
Alexander, Patrick D. - 2017
Multi-stage production is widely recognized as an important feature of the modern global economy. This feature has been incorporated into many state-of-the-art quantitative trade models, and has been shown to deliver significant additional gains from international trade. Meanwhile,...
Persistent link: https://www.econbiz.de/10011637447
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Quality Differentiation, Comparative Advantage, and International Specialization Across Products
Schetter, Ulrich - 2020
We introduce quality differentiation into a Ricardian model of international trade. We show that (1) quality differentiation allows industrialized countries to be active across the full board of products, complex and simple ones, while developing countries systematically specialize in simple...
Persistent link: https://www.econbiz.de/10012853224
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Decoupling Global Value Chains
Eppinger, Peter S.; Felbermayr, Gabriel; Krebs, Oliver; … - 2021
Recent disruptions to global value chains (GVCs) have raised an important question: Can decoupling from GVCs increase a country’s welfare by reducing its exposure to foreign supply shocks? We use a quantitative trade model to simulate GVCs decoupling, defined as increased barriers to global...
Persistent link: https://www.econbiz.de/10013227605
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Decoupling global value chains
Eppinger, Peter S.; Felbermayr, Gabriel; Krebs, Oliver; … - 2021
Recent disruptions to global value chains (GVCs) have raised an important question: Can decoupling from GVCs increase a country’s welfare by reducing its exposure to foreign supply shocks? We use a quantitative trade model to simulate GVCs decoupling, defined as increased barriers to global...
Persistent link: https://www.econbiz.de/10012514530
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Testing competing world trade models against the facts of world trade
Minford, Patrick; Xu, Yongdeng; Dong, Xue - 2021
We carry out an indirect inference test of two versions of a computable general equilibrium (CGE) model of world trade …. One of these, the ‘classical’ model,is well-known as the Heckscher-Ohlin-Samuelson model of world trade, in which … countries trade homogeneous products in world markets and produce according to their comparative advantage as determined by …
Persistent link: https://www.econbiz.de/10012602338