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Richard Baldwin

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@BaldwinRE

Prof of Int’l Econ @IMD_Bschool; Founder l @VoxEU; NonRes Fellow @PIIE. Books:Globotics Upheaval 2019, MITEconPhD, see my weekly long-form at Substack
Lausanne, Switzerland Joined February 2012
710 Following 53K Followers 77K Posts

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Richard Baldwin Verified account @BaldwinRE
Hi Mike, where is this data from? I’d like to dig into the intermediate a little bit more closely.
Mike Waugh Verified account @tradewartracker 14h
my #trade chart of the day...

Here are effective #tariff rates on products by end use: consumption, intermediates, or capital goods.

The fact is that US tariffs are much larger on consumption relative to capital.

Why are tariffs on capital goods lower?
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Richard Baldwin Verified account @BaldwinRE
LLM’s are about improving service productivity much of that shows up as higher quality not higher output or fewer people. Since services aren’t quality adjusted it doesn’t show up in the productivity statistic that’s my story and I’m sticking to it!
Lars Christensen @MaMoMVPY 2d
Fully agree...it is impossible to see any significant effect on AI (or rather LLMs) on global (or US) productivity growth.
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Richard Baldwin Verified account @BaldwinRE
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Richard Baldwin Verified account @BaldwinRE 4d
My VoxEU column on my new NBER WP: "The Global Office"
👉Service value chains are expanding faster than industrial ones
👉their geography is strikingly different.
🌟A US-centred star rather than regional blocs dominated by China.
👉This column documents the shift from factories to offices and argues that differences in production processes call for new theory, new empirical approaches, and new development thinking.
🔗cepr.org/voxeu/columns/…
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