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The literature on backward and forward linkages in global value chains (GVCs) explores the interconnectedness of production processes across different stages and locations within the global economy. The significance of imports in value chains, however, is relatively unexplored. Recognizing...
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The phenomenal rise of the platform economy has reshaped how economies operate across the world. The importance of digital platforms has never been more evident than in combatting the ongoing corona virus (Covid-19) pandemic. Even with the threat of a global recession looming large, technology...
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It is widely believed that vertical integration in an environment without foreclosure, or more generally without any mechanism that restricts competition among firms, raises the welfare of consumers. In this paper we show that this can be overturned in a standard setting. We consider a vertical...
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-Stiglitz approach, we show that in such model we may exhibit cases of Pareto inferior trade and, in particular, Pareto inferior economic …
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This paper analyses the proposed free trade agreement (FTA) between EU and India focusing on services trade. Based on … agreement and next predict the impact on services trade flows using a general equilibrium structural gravity analysis. I find …'s trade with the rest of the world would not change much, while India's exports to the rest of the world would decline by …
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