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The unprecedented globalization of the production process, dividing up the value chain, has brought the integration of trade and the disintegration of production, with deep implications for the international division of labor. Have Central European economies been able to readjust their...
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This paper investigates the impact of global value chain participation on productivity, using data on trade in value … 15 years suggest that participation in global value chains is a significant driver of labor productivity. Backward …. An increase by 10 percent in the level of global value chain participation increased average productivity by close to 1 …
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