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Keywords: International real business cycle
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Journal Articles
International Trade, Politics and Development (2025) 9 (1): 25–35.
Published: 10 December 2024
... in the global value chains (GVCs) of countries producing intermediate goods. Design/methodology/approach We extend Johnson (2014) international real business cycle (IRBC) model to integrate the foreign value added by intermediate exporters within a forward-linkage GVC. Findings Model simulations...

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