Córcoles, David; Díaz-Mora, Carmen; Gandoy, Rosario - In: Economic Modelling 44 (2014) S1, pp. 33-33
This paper focuses on the role of product sophistication on the stability of trade flows, especially on those linked to global value chains. The probability of remaining in these global value chains in a changing and unstable competitive environment is expected to be higher for suppliers that...