Cutting through the value chain: the long-run effects of decoupling the East from the West

With ever-increasing political tensions between China and Russia on one side and the EU and the US on the other, it only seems a matter of time until protectionist policies cause a decoupling of global value chains. This paper uses a computable general equilibrium trade model calibrated with the lat...

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Bibliographic Details
Published in:	Empirica Vol. 50; no. 1; pp. 75 - 108
Main Authors:	Felbermayr, Gabriel, Mahlkow, Hendrik, Sandkamp, Alexander
Format:	Journal Article
Language:	English
Published:	New York Springer US 01-02-2023 Springer Nature B.V
Subjects:	Econometrics Economics Economics and Finance European Integration Exports Imports Industrial Organization International cooperation International Economics International trade Macroeconomics/Monetary Economics//Financial Economics Original Paper Price levels Public Finance Sanctions Tariffs Trade barriers Trade disputes Trade restrictions Value Value chain Welfare Russia Trade European Union Quantitative trade model China F11 F14 F13 F17 Non-tariff barriers Global value chains Russia
Online Access:	Get full text
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