We extend a quantitative general equilibrium model of global trade networks to evaluate the economic impacts of various trade disruptions. Our analysis considers scenarios such as US-China trade wars, a broader Cold War 2.0 decoupling, Trump-era tariffs, and disruptions in the trade of critical...

The globalization of food trade has needed robust traceability systems to ensure consumer safety, quality and sustainability product. By fostering transparency in agricultural practices and encouraging responsible resource use, traceability plays a key role in protecting the environment and...

We provide a selective overview of the literature on the linkages between interstate conflict and international trade, paying special attention to how trade openness (i) affects arming incentives, (ii) the channels through which its effects travel, and (iii) its consequences for the emergence of...

Global powers increasingly use trade as a tool of geopolitical influence. But can trade also foster soft power? We provide novel evidence on this relationship by combining geo-referenced survey data from 22 African countries sourced from the Gallup World Poll with Chinese import data. Exploiting...

Using a new database on global multinational production (MP), I document that world multinational enterprise (MNE) sales declined as sharply as trade during the Great Recession. This collapse was driven by MNEs from a few key headquarters countries, associated with steeper GDP declines in...

This article examines the bullion and cash supply networks exploited by a pre-industrial government in times of financial, economic and material distress. The case study focuses on the monetary policy of the Republic of Venice and on the decisions taken by the main deliberative body, the Senate,...

This paper provides the first quantitative analysis of optimal patent policy in trading economies. We develop a new framework that combines trade and growth theory into a tractable quantitative model, which we estimate to match patent and trade data. Counterfactual analysis yields three main...

Many countries worldwide share borders that offer several benefits, such as easier access, faster knowledge transfer, and more efficient trade diplomacy. However, reliance on land-border trade alone has not been consistently shown to increase GDP per capita or vice versa. This study investigates...

Enhancing digital connectivity, advancing cross-border e-commerce (CE), and optimizing logistics performance (LP) are fundamental pillars for boosting trade flows between trading partners. However, the multifaceted impacts of digitalization, CE, and LP on China-Africa (C-A) trade remain...

A secure and sustainable supply of critical raw materials is at the core of the EU's competitiveness, including as part of our green and digital transitions. It is also vital for increased EU economic security and defence capabilities. While the European Critical Raw Materials Act aims at...

A secure and sustainable supply of critical raw materials is at the core of the EU's competitiveness, including as part of our green and digital transitions. It is also vital for increased EU economic security and defence capabilities. While the European Critical Raw Materials Act aims at...

This EconPol Report sheds light on the global supply of semiconductors. Our analysis of value-added data for the US underscores the importance of semiconductors for advanced economies. Using global trade data and an extensive list of semiconductor-related goods, we provide a detailed description...

How the use of industrial robots affects value capture in fragmented global production networks, represented by global value chains (GVCs), remains an open question. I focus on the automotive industry - the largest consumer of industrial robots and one of the most traded manufacturing industries...

The African Continental Free Trade Area (AfCFTA) promises a new era of economic integration and industrial growth across the continent. But how can Africa truly harness this potential, especially in the vital textiles and apparel sector? This report explores the key challenges and opportunities...

Technological advancements in the financial sector are widely recognized as transformative for global trade and supply chains, significantly improving access to financial services while enhancing the security, efficiency, transparency, and flexibility of transactions between exporters and...

We develop and test a theory of efficient international trade. Efficiency gains arise through lower trade costs faced by 'trade specialists', whose superiority over 'common traders' manifests itself through lower trade costs. To test our theory, we construct and deploy a novel dataset based on...

The global production of fishmeal and fish oil remains relatively stable with an average of 5,1 million tonnes of fishmeal and around 1,2 million tonnes of fish oil the past 10 years. Out of this, the EU produces from 370.000 tonnes to above 520.000 tonnes of fishmeal and from 90.000 tonnes to...

This paper examines the effects of trade policy shocks on the US economy using a novel identification strategy that combines narrative information with stock market data. We construct a new dataset of daily trade policy statements from 2007 to 2019, enabling us to capture a broad range of policy...

Die Corona-Pandemie und geopolitische Ereignisse, wie der russische Angriffskrieg auf die Ukraine, wirken sich stark auf die Außenhandelsbilanz Deutschlands aus. Für Sachsen, mit einer Exportquote von rund 40% im Verarbeitenden Gewerbe, stellt sich die Frage, wie sich die Handelsstrukturen in...

Purpose - The purpose of this paper is to analyse the international political economy of Korea and its effects due to geopolitical tension between China and the USA. Design/methodology/approach - Economic war between China and the USA has prolonged longer than expected. Aftermath of the COVID-19...

In sheer quantity, the five original BRICS countries appear impressive. They account for a substantial share of the world's population, economy, trade and muster large militaries. In January 2024, BRICS gained even more steam, by admitting four new member states that participated in the most...

This policy brief looks into the future of EU-Southern Mediterranean trade relations. It evaluates the current trade and contractual instruments governing these relations and asks if they are sufficient or if more is needed to exploit trade opportunities and manage trade challenges in the...

Die Studie untersucht die technologische Leistungsfähigkeit Deutschlands im internationalen Vergleich anhand von Daten zur sektoralen Wertschöpfung sowie mittels Daten zum Handel mit Industriegütern. Sie zeigt, dass die deutsche Wirtschaft weiterhin stark auf die Produktion hochwertiger...