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...
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Main Authors: | Richard E. Baldwin, Daria Taglioni |
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Format: | Article |
Language: | English |
Published: |
University of Warsaw
2014-11-01
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Series: | Journal of Banking and Financial Economics |
Subjects: | |
Online Access: | https://press.wz.uw.edu.pl/cgi/viewcontent.cgi?article=1097&context=jbfe |
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