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Macroeconomic Risks from Maritime Trade Disruptions

Veetil, Vipin P. et al.
arXiv (All) · Papers
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economicsgeneral-economics
This paper develops a model of maritime chokepoint closures in which interrupting a shipping passage produces losses that are not measured, or even bounded, by the value of the trade that transits it. The losses stem from disruptions to the flow of intermediate inputs that are complementary in downs
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