| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP9870 |
| DP9870 A theory of trade in a global production network | |
| Bastian Westbrock; Maarten Bosker | |
| 发表日期 | 2014-03-09 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | This paper argues that the determinants of the welfare gains from trade have fundamentally changed with the emergence of a global production network. Towards this end, we develop a novel counterfactual approach to decompose the welfare effects of any small trade cost variation in any general equilibrium model of international trade. Our findings stress a unique feature of supply chain trade: the gains from a further integration of the global production network are not so much determined by a country's own local conditions or those of its direct trade partners. Instead, the economic prospects of a country depend on its connections to important trade intermediaries, countries that provide indirect access to the demand and supply of many other nations. We complement our theoretical findings by an easy-to-implement empirical strategy and identify each country's key intermediaries. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Global supply chains International trade Network effects |
| URL | https://cepr.org/publications/dp9870 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/538704 |
| 推荐引用方式 GB/T 7714 | Bastian Westbrock,Maarten Bosker. DP9870 A theory of trade in a global production network. 2014. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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