Showing 221 - 230 of 112,892
In early 2020, the disease Covid-19 caused a drastic lockdown of the Chinese economy. We use a quantitative trade model with input-output linkages to gauge the effects of this adverse supply shock in China on the global economy through international trade and global value chains (GVCs). We find...
Persistent link: https://www.econbiz.de/10013315297
We develop a network trade model with country-sector level input-output linkages. It includes (1) domestic and global value chain linkages between all country-sectors, (2) direct as well as indirect shipments (via other sectors and countries) to a final destination, (3) value added rather than...
Persistent link: https://www.econbiz.de/10011962330
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
of the sanction effect and allows for counterfactual analysis of no - sanctions. Increased ope nness is shown to reduce … consistent with the observation that economic growth under sanctions has been slow and with an increase in the relative wage of …
Persistent link: https://www.econbiz.de/10011533511
Korean Abstract: 본 논문은 중국이 FTA(CEPA 포함) 협상을 완료했거나 추진 중인 8개 협정의 경제적 효과를 계산하고 개방이익의 크기를 서로 비교하였다. 특히 중국의 WTO 가입에 따른 변화를 고려하지 않을 경우 발생하는 경제적...
Persistent link: https://www.econbiz.de/10012942616
Over its first two years, the Trump administration has aggressively reshaped U.S. trade policy. One of its most controversial initiatives is the expansive use of national security to justify imposing tariffs and quotas. Section 232 of the Trade Expansion Act of 1962 gives the president authority...
Persistent link: https://www.econbiz.de/10014102827
This paper considers the economic sanctions that were applied in the mid-1980s to pressure the South African government … to end apartheid. It asks what role those sanctions played in the eventual demise of the apartheid regime and concludes … combined to bring about the change. If one is to argue for the efficacy of sanctions, two key obstacles are their limited …
Persistent link: https://www.econbiz.de/10011613275
The easing of economic sanctions against Myanmar by Western countries in 2012 augmented the prospect that Myanmar would … expand its exports. However, a sharp rise in natural resource exports during the time sanctions had been applied raises …
Persistent link: https://www.econbiz.de/10010986651
Easing of economic sanctions by Western countries in 2012 augmented the prospect that Myanmar will expand its exports …. On the other hand, a sharp rise in natural resource exports during the sanctions brings in a concern about the "Dutch …
Persistent link: https://www.econbiz.de/10011134410
In response to the invasion of Ukraine, the EU and most other advanced economies imposed extensive sanctions on Russia … impact of the war and the following sanctions on bilateral and sectoral exports to Russia almost in real time. The war and … the following sanctions reduced aggregate exports to Russia by almost half between March-August, with the effects being …
Persistent link: https://www.econbiz.de/10014235824