1.Motivation: The increasing relevance of time as a trade barrier;
2.The relationship between time and Global Value Chains (capital intensive goods are more sensitive to time);
3.Can the TFA promote a new wave of fragmentation?;
4.How the TFA is…
The drastic drop in fuel prices and the resulting fiscal constraints have compelled oil exporting countries to phase down fuel subsidies. This study with use of a simulation model developed by the World Bank has estimated the impact of increase in…