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

China's emergence as a great economic power has induced an epochal shift in patterns of
world trade. Simultaneously, it has challenged much of the received empirical wisdom about …

To cope with the stricter environmental regulation, manufacturing firms need to carry out
pollution reduction activities and change their optimal production decisions, which may …

After decades of supporting free trade, in 2018 the United States raised import tariffs and
major trade partners retaliated. We analyze the short-run impact of this return to …

Economic theory suggests that market economies are likely to underprovide innovation
because of the public good nature of knowledge. Empirical evidence from the United States …

The winners of the Nobel Prize show how economics, when done right, can help us solve
the thorniest social and political problems of our day. Figuring out how to deal with today's …

This article offers an overview of some key conceptual aspects associated with the rise of
global value chains (GVCs). It outlines a series of alternative interpretations and definitions …

Agri-food value chains (AVCs) intermediate the flow of products between largely rural
farmers, fisherfolk, or herders and increasingly urban consumers. The theoretical models …

We study the introduction of a wealth-management robo-adviser that constructs portfolios
tailored to investors' holdings and preferences. Adopters are similar to non-adopters in terms …

To show how fast Internet affects employment in Africa, we exploit the gradual arrival of
submarine Internet cables on the coast and maps of the terrestrial cable network. Robust …