Gravity Chains: Estimating bilateral trade flows when parts and components trade is important

Trade is measured on a gross sales basis while GDP is measured on a net sales basis, i.e. value added. The rapid internationalisation of production in the last two decades has meant that gross trade flows are increasingly unrepresentative of the value-added flows. This fact has important implicat...

Full description

Saved in:
Bibliographic Details
Main Authors: Richard E. Baldwin, Daria Taglioni
Format: Article
Language:English
Published: University of Warsaw 2014-11-01
Series:Journal of Banking and Financial Economics
Subjects:
Online Access:https://press.wz.uw.edu.pl/cgi/viewcontent.cgi?article=1097&context=jbfe
Tags: Add Tag
No Tags, Be the first to tag this record!