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Collateral imbalances in intra-european trade? Accounting for the difference between gross and value added trade balances

Nagengast, Arne J.; Stehrer, Robert - 2014

One of the main stylised facts that has emerged from the recent literature on global value chains is that bilateral trade imbalances in gross terms can differ substantially from those measured in value added terms. However, the factors underlying the extent and sign of the differences between...

Persistent link: https://www.econbiz.de/10011605740

How do exporters react to changes in cost competitiveness?

Decramer, Stefaan; Fuss, Catherine; Konings, Jozef - 2014

international export performance at the firm level. To this end, we use Belgian firm-level data for the period 1999-2010 to analyze … significant negative effect of unit labor costs on export performance of firms with an estimated elasticity of the intensive … costs reduce the probability of starting to export for non-exporters and increase the probability of exporters stopping …

Persistent link: https://www.econbiz.de/10011605797

The great collapse in value added trade

Nagengast, Arne J.; Stehrer, Robert - 2015

This paper studies the great collapse in value added trade using a structural decomposition analysis. We show that changes in vertical specialisation accounted for almost half of the great trade collapse, while the previous literature on gross trade has mainly focused on final expenditure,...

Persistent link: https://www.econbiz.de/10011605878

Trade, finance or policies: what drives the cross-border spill-over of business cycles?

Montinari, Letizia; Stracca, Livio - 2017

In this paper we investigate how income growth rates in one country are affected by growth rates in partner countries, testing for the importance of pairwise country links as well as characteristics of the receiving country (trade and financial openness, exchange rate regime, fiscal variables)....

Persistent link: https://www.econbiz.de/10011606038

International medium-term business cycles

Hirschbühl, Dominik; Spitzer, Martin - 2021

Foreign driven medium-term oscillations that originate from uctuations in technological frontier countries gained widespread attention among policymakers. To study this phenomenon in the context of domestic and other foreign drivers of the euro area business cycle, we develop a medium-scale,...

Persistent link: https://www.econbiz.de/10012515457

Trade, Finance or Policies : What Drives the Cross-Border Spill-Over of Business Cycles?

Montinari, Letizia - 2017

Persistent link: https://www.econbiz.de/10012963941

Collateral Imbalances in Intra-European Trade? Accounting for the Difference Between Gross and Value Added Trade Balances

Nagengast, Arne - 2014

Persistent link: https://www.econbiz.de/10013051676

Sectorial Border Effects in the European Single Market : An Explanation through Industrial Concentration

Cafiso, Gianluca - 2009

The purpose of this paper is to explain the relation between the Border Effect and industrial concentration. This is achieved by founding this relation on the Home Market Effect and testing the robustness of this foundation through an application to the European Single Market. A sectorial...

Persistent link: https://www.econbiz.de/10013154950

What Lies Beneath the Euro's Effect on Financial Integration? Currency Risk, Legal Harmonization, or Trade?

Kalemli-Ozcan, Sebnem - 2010

Although recent research shows that the euro has spurred cross-border financial integration, the exact mechanisms remain unknown. We investigate the underlying channels of the euro's effect on financial integration using data on bilateral banking linkages among twenty industrial countries in the...

Persistent link: https://www.econbiz.de/10013142360

Identifying Hubs and Spokes in Global Supply Chains using Redirected Trade in Value Added

Lejour, Arjan - 2014

The increasing importance of global supply chains has prompted the use of analytical tools based on trade in value added – instead of traditional measures in gross value. We use this analytical framework to develop indicators that identify hubs and spokes in international supply chains. Using...

Persistent link: https://www.econbiz.de/10013055305