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Trade costs such as applied tariffs, transportation and insurance costs are amplified as they pass through the multiple production steps associated with modern supply chains. This so called "cascade effect" arises since trade costs accumulate as intermediate goods are imported and then...
Persistent link: https://www.econbiz.de/10012964525
This working paper introduces the concept of Trade in Value Added (TiVA) and presents an initial analysis of TiVA for selected regional ESCAP economies. The paper introduces Global Value Chains (GVCs) and issues for the measurement of trade statistics due to proliferation of GVCs. It further...
Persistent link: https://www.econbiz.de/10010529478
Trade costs such as applied tariffs, transportation and insurance costs are amplified as they pass through the multiple production steps associated with modern supply chains. This so-called "cascade effect" arises since trade costs accumulate as intermediate goods are imported and then...
Persistent link: https://www.econbiz.de/10011594191
The world’s economy did not suffer de-globalisation after the 2008-2009 Global Crisis, but entered a phase of "New Normal". While trade-income elasticity has been returning to its pre-1990s long-term values, the world is much more open to trade today than it was 25 years ago. We show that part...
Persistent link: https://www.econbiz.de/10014131802
This paper uncovers new stylized facts on the relation between economic integration and world trade prices. Using export price data combined with data on 32 WTO (World Trade Organization) accessions by developing countries and hundreds of new PTAs (Preferential Trade Agreements), we show that a...
Persistent link: https://www.econbiz.de/10012915617
a positive effect on LDCs' performance on merchandise exports, with this average positive effect being solely driven by … a positive effect on LDCs' export performance on primary products; the average effect on manufacturing exports has been …, as well as on the components of the latter, namely both primary product exports and manufacturing exports. However, the …
Persistent link: https://www.econbiz.de/10012883255
Notwithstanding some progress in market and product diversification - including services - LDCs remain particularly vulnerable to external shocks. With the exception of 2006-2008, the LDCs as a group have systematically recorded a trade deficit. The 2008-2009 global crisis and the bumpy recovery...
Persistent link: https://www.econbiz.de/10010210678
the volume of exports but through one specific channel and after some time lag. The intensive margins (IM) of trade have …
Persistent link: https://www.econbiz.de/10011474462
(PTAs) on Pakistan's export performance (value of exports, number of exporters and number of products per exporter) during … of value of exports and number of exporters. There is no evidence that the bilateral PTAs with Sri Lanka and Mauritius …
Persistent link: https://www.econbiz.de/10011434237
Non-tariff measures such as food safety standards are used to achieve the non-trade objective of protecting consumers' health and safety. However, they can also be used as a trade protection tool to drive a price wedge between domestic and foreign producers. This study investigates the...
Persistent link: https://www.econbiz.de/10011500051