Sizing Up the Effects of Technological Decoupling /

This paper proposes channels through which technological decoupling can affect global growth, and embeds these different layers in a global dynamic macroeconomic model. Multiple scenarios are considered that differ along two dimensions: (i) the coalition of countries (hubs) that initiate the decoupl...

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Bibliografski detalji
Glavni autor: Cerdeiro, Diego
Daljnji autori: Eugster, Johannes, Mano, Rui, Muir, Dirk
Format: Žurnal
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2021.
Serija:IMF Working Papers; Working Paper ; No. 2021/069
Teme:
Online pristup:Full text available on IMF
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100 1 |a Cerdeiro, Diego. 
245 1 0 |a Sizing Up the Effects of Technological Decoupling /  |c Diego Cerdeiro, Rui Mano, Johannes Eugster, Dirk Muir. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2021. 
300 |a 1 online resource (39 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper proposes channels through which technological decoupling can affect global growth, and embeds these different layers in a global dynamic macroeconomic model. Multiple scenarios are considered that differ along two dimensions: (i) the coalition of countries (hubs) that initiate the decoupling, and (ii) whether non-hub countries are also forced to decouple via 'preferential attachment' - id est by aligning themselves with the hub they trade most with. All global technology hubs lose across scenarios, and losses are largest under preferential attachment. Smaller countries with relations that straddle multiple hubs generally lose, whereas those whose trade is heavily concentrated with one hub may gain due to reduced competition under some scenarios. Technological fragmentation can lead to losses in the order of 5 percent of GDP for many economies. 
538 |a Mode of access: Internet 
650 7 |a Non-Tariff Barriers  |2 imf 
650 7 |a Technological Decoupling  |2 imf 
650 7 |a Trade  |2 imf 
700 1 |a Eugster, Johannes. 
700 1 |a Mano, Rui. 
700 1 |a Muir, Dirk. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2021/069 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2021/069/001.2021.issue-069-en.xml  |z IMF e-Library