infonet-economy

We calculate how much of world trade is preferential, and at which margin. We are using a detailed dataset based on tariff-line import and tariff data of the 20 largest importers, covering almost 90% of world imports in 2008. We show that while around 50% of world trade is between countries that apply preferences to each other and could therefore be considered “preferential”, only 16...

Three methodologies are used to enforce labour and environmental commitments in the US and EU trade agreements: cooperative, sanctions and composite. In-depth analysis of the scope of commitments, level of protection, institutional framework as well as types of informal and formal dispute processes elucidates the pros and cons of such methodologies. Sanctions approach weakens...

This paper uses the World Bank's Enterprise Surveys as a sample of 18 developing and emerging economies to investigate the causal relationship between global value chains and the transfer of technology to manufacturing firms in developing nations. It focuses on one specific channel for technology transfer, namely the licensing of foreign technology. By using a propensity score...

On March 22, 2018, Trump proposed to impose tariffs on up to $50 billion of Chinese imports leading to a significant concern over the "Trade War" between the US and China. We evaluate the market responses to this event for firms in both countries, depending on their direct and indirect exposures to US-China trade. US firms that are more dependent on exports to and imports from China...

This paper analyses the impact of GVC linkages on product upgrading using the Indian firm-level dataset Prowess, and methodologies of System-GMM and Propensity score matching. Defining product upgrading as a movement towards more sophisticated products, we use Haussmann's product sophistication index to calculate a sales-weighted average sophistication level of Indian manufacturing...