theories of competition. Yet, despite its intuitive appeal, thehypothesis that companies with superior productivity also … the conventional view that focuses on individual productivities, our value-chainperspective on the productivity …

productivity gains. Contrary to previous work that neglects dependencies between suppliers in global value chains, we explicitly … account for input linkages that impact both channels of productivity improvement. Using sector-level data from the World Input …-Output Database, we show that market share reallocation has a markedly larger effect on productivity change than innovation. …

economy, the theory of value is amended to conduct value creation and market behavior in the economy. From the theoretical …