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==1 Title, abstract and keywords<!-- Your document should start with a concise and informative title. Titles are often used in information-retrieval systems. Avoid abbreviations and formulae where possible. Capitalize the first word of the title.
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==ABSTRACT==
  
Provide a maximum of 6 keywords, and avoiding general and plural terms and multiple concepts (avoid, for example, 'and', 'of'). Be sparing with abbreviations: only abbreviations firmly established in the field should be used. These keywords will be used for indexing purposes.
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Since the Middle Ages, Catalonia has been an open nation, keen to trade internationally. In recent decades, the region's commitment to commerce has yielded remarkable growth, with data from the early 1990s revealing a dramatic surge in Catalan international trade. Notably, in 2023 alone, Catalan exports increased by over 6% compared to the previous year.
  
An abstract is required for every document; it should succinctly summarize the reason for the work, the main findings, and the conclusions of the study. Abstract is often presented separately from the article, so it must be able to stand alone. For this reason, references and hyperlinks should be avoided. If references are essential, then cite the author(s) and year(s). Also, non-standard or uncommon abbreviations should be avoided, but if essential they must be defined at their first mention in the abstract itself. -->==
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Over the past 15 years, Catalonia has consistently maintained a positive trade balance, often exceeding 10% of its Gross Domestic Product (GDP). Impressively, exports have emerged as being one of the most important Catalan economic activities, accounting for nearly a third of the nation's GDP in 2023. Such figures clearly outstand, especially when compared with neighboring countries like Spain, France, and the broader European Union.
  
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This paper embarks on a comprehensive examination of the evolution of Catalan trade, focusing on both its primary trading partners and leading sectors in the international market. Utilizing cutting-edge network analysis techniques, the study aims not only to compute informative metrics such as density and connectedness but also to offer clear visualizations of Catalan trade dynamics.
  
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Furthermore, the paper will dive into the determinants of Catalan imports and exports, employing a Structural Gravity approach. This analytical framework deconstructs Catalan trade into three distinct components: Catalan-sector specific, “foreign country”-sector specific, and a bilateral Catalan-“foreign country”. While the former components can be easily retrieved using fixed effects in regression models, the latter, bilateral, component is explained through traditional gravity controls such as distance, Preferential Trade Agreements (PTAs), Bilateral Investment Treaties (BITs), among others. This bilateral component will shed light on how Catalonia leverages trade and investment agreements to foster international trade.
  
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Moreover, given the interest in the Catalan side, the study will try to unpack the Catalan-sector specific fixed effect by leveraging on firm-level data sourced from Bureau van Dijk’s ORBIS dataset. By aggregating this data to match sector-level specifications, the analysis seeks to explain sector characteristics such as investment intensity, specificity, and competition, and their impact on Catalan trade flows.
  
==2 The main text<!-- You can enter and format the text of this document by selecting the ‘Edit’ option in the menu at the top of this frame or next to the title of every section of the document. This will give access to the visual editor. Alternatively, you can edit the source of this document (Wiki markup format) by selecting the ‘Edit source’ option.
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Overall, this study aims to, first, provide a detailed description of the evolution of Catalan international trade and, second, explain its main determinants both at a bilateral and at a Catalan level. The research aims to offer valuable insights into the driving forces behind Catalonia's trade performance, thereby informing policymakers, researchers, and stakeholders alike.
 
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Most of the documents in Scipedia are written in English (write your manuscript in American or British English, but not a mixture of these). Anyhow, specific publications in other languages can be published in Scipedia. In any case, the documents published in other languages must have an abstract written in English.
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2.1 Subsections
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Divide your article into clearly defined and numbered sections. Subsections should be numbered 1.1, 1.2, etc. and then 1.1.1, 1.1.2, ... Use this numbering also for internal cross-referencing: do not just refer to 'the text'. Any subsection may be given a brief heading. Capitalize the first word of the headings.
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2.2 General guidelines
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For tabular summations that do not deserve to be presented as a table, lists are often used. Lists may be either numbered or bulleted. Below you see examples of both.
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1. The first entry in this list
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Supplementary material can be inserted to support and enhance your article. This includes video material, animation sequences, background datasets, computational models, sound clips and more. In order to ensure that your material is directly usable, please provide the files with a preferred maximum size of 50 MB. Please supply a concise and descriptive caption for each file. -->==
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==3 Bibliography<!--
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Citations in text will follow a citation-sequence system (i.e. sources are numbered by order of reference so that the first reference cited in the document is [1], the second [2], and so on) with the number of the reference in square brackets. Once a source has been cited, the same number is used in all subsequent references. If the numbers are not in a continuous sequence, use commas (with no spaces) between numbers. If you have more than two numbers in a continuous sequence, use the first and last number of the sequence joined by a hyphen
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Latest revision as of 14:16, 31 May 2024

ABSTRACT

Since the Middle Ages, Catalonia has been an open nation, keen to trade internationally. In recent decades, the region's commitment to commerce has yielded remarkable growth, with data from the early 1990s revealing a dramatic surge in Catalan international trade. Notably, in 2023 alone, Catalan exports increased by over 6% compared to the previous year.

Over the past 15 years, Catalonia has consistently maintained a positive trade balance, often exceeding 10% of its Gross Domestic Product (GDP). Impressively, exports have emerged as being one of the most important Catalan economic activities, accounting for nearly a third of the nation's GDP in 2023. Such figures clearly outstand, especially when compared with neighboring countries like Spain, France, and the broader European Union.

This paper embarks on a comprehensive examination of the evolution of Catalan trade, focusing on both its primary trading partners and leading sectors in the international market. Utilizing cutting-edge network analysis techniques, the study aims not only to compute informative metrics such as density and connectedness but also to offer clear visualizations of Catalan trade dynamics.

Furthermore, the paper will dive into the determinants of Catalan imports and exports, employing a Structural Gravity approach. This analytical framework deconstructs Catalan trade into three distinct components: Catalan-sector specific, “foreign country”-sector specific, and a bilateral Catalan-“foreign country”. While the former components can be easily retrieved using fixed effects in regression models, the latter, bilateral, component is explained through traditional gravity controls such as distance, Preferential Trade Agreements (PTAs), Bilateral Investment Treaties (BITs), among others. This bilateral component will shed light on how Catalonia leverages trade and investment agreements to foster international trade.

Moreover, given the interest in the Catalan side, the study will try to unpack the Catalan-sector specific fixed effect by leveraging on firm-level data sourced from Bureau van Dijk’s ORBIS dataset. By aggregating this data to match sector-level specifications, the analysis seeks to explain sector characteristics such as investment intensity, specificity, and competition, and their impact on Catalan trade flows.

Overall, this study aims to, first, provide a detailed description of the evolution of Catalan international trade and, second, explain its main determinants both at a bilateral and at a Catalan level. The research aims to offer valuable insights into the driving forces behind Catalonia's trade performance, thereby informing policymakers, researchers, and stakeholders alike.

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