Firms face various trade costs that affect their international competitiveness. These include not only direct tariffs on imports and exports but also less obvious indirect tariffs imposed at different points in the... →
We introduce two novel tools to enhance our understanding of international trade. Through the trade cost index, we compute the complete trade costs within a value chain. With the new gravity model that also incorporates... →
The dip in productivity growth in 2020 was followed by a strong recovery in 2021. As in most years, the growth in labour productivity in 2021 is mainly driven by the growth in Total Factor Productivity (TFP).... →
