This paper surveys the recent body of work in economics on the importance of global value
chains (GVCs) in shaping international trade flows and production patterns. On the empirical …

We study a flexible class of trade models with international production networks and
arbitrary wedge‐like distortions like markups, tariffs, or nominal rigidities. We characterize …

This paper assesses the effects of deep trade agreements on agri-food global value chain
(GVC) integration. We employ a theory-consistent gravity model and utilize a detailed …

How do companies finance their investments? We examine the financing of investments
according to firms' listing status, their size, and the nature of the investments. We show that …

We discuss the link between global value chains (GVC) and the widening differences in total
factor productivity (TFP) across regions. Firstly, the empirical evidence from China indicates …

Protectionist sentiments have been rising globally in recent years. The consequences of a
surge in protectionist measures present policy challenges for emerging markets (EMs) …

Abstract While Pilot Free Trade Zones (PFTZs) have been promoted in China as a unilateral
opening measure to boost economic growth amid deglobalization, their benefits in driving …

This paper studies the implications of (endogenously) directed technical change for the
design of non-linear labor income taxes in a Mirrleesian economy augmented to include …

We investigate empirically, and explain theoretically, how the relative wages of skilled and
unskilled workers vary with their relative supplies in open economies. Our results combine …

Two‐or more‐factor general equilibrium models commonly assume no factor intensity
reversals (FIRs): a good that is relatively capital intensive compared with other goods within …