Empirical studies of trade

Publication date: 29 Apr 2020 | Publication type: National Institute Economic Review | Theme: Macroeconomics | External authors: Gasiorek, M, Smith, A, Tamberi, N | JEL classification: F6, F14, F15, F17; F42 | Journal: National Institute Economic Review Issue 252 | Publisher: Cambridge University Press
With international trade increasingly undertaken within vertically fragmented supply chains, this paper considers the impact of changes in trade costs on domestic output. In the context of the UK’s exit from the EU we show that the negative impact on UK output will depend on changes in both...