This paper presents the results of a policy oriented macroeconomic experiment involving an ‘international’ economy with a relatively small ‘home’ country and a large ‘foreign’ country. It compares the economic performance of two alternative tax systems as a means to finance unemployment benefits: a wage tax system versus a sales-tax-cum-labor-subsidy system. The two systems are applied to the s...

This study provides an understanding of the Indian regional economy utilizing the fundamental economic structure (FES) approach. The FES construct implies that selected characteristics of an economy will vary predictably with region size, as measured by net state domestic product, population, and total gross output. The big question addressed in this study is if identifiable patterns of relatio...

This study provides an understanding of the Indian regional economy utilizing the fundamental economic structure (FES) approach. The FES construct implies that selected characteristics of an economy will vary predictably with region size, as measured by net state domestic product, population, and total gross output. The big question addressed in this study is if identifiable patterns of relatio...

Abstract Global Value Chains have proliferated in economic policy debates. Yet a key concept—trade value added—is likely mismeasured because of sectoral aggregation bias stemming from reliance on input-output tables. This paper uses comprehensive firm-level data domestic and international transactions to study this bias. We find that leads overstated trade added. The magnitude the varies across...

The COVID-19 pandemic has impacted trade flows, causing a drop in 2020 that was especially sensitive for pharmaceutical and medical products necessary to ensure public health. production of is dispersed framework global value chains. This study aimed provide detailed analysis the EU situation sector chemical products, discover fragmentation chains within as well globally. International inter-co...