Latvian paper proposes refinement to definition of trade
Authors seek to better capture the 'international fragmentation of production'
Research published by the Bank of Latvia has produced a new measure of trade which aims to better capture a country's contribution of goods to world markets.
In Made in China - How does it affect measures of competitiveness? Konstantīns Beņkovskis and Julia Wörz decompose trade in an attempt to better capture "international fragmentation of production" - or the fact that internationalisation of production means the share of domestic value added can be very small for certain countries and
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