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Are Your Labor Shares Set in Beijing? The View Through the Lens of Global Value Chains

Reshef, Ariell; Santoni, Gianluca - 2022

We study the evolution of labor shares in 1995-2014, while taking into account international trade based on value added concepts. Declines in labor shares accelerate in 2001-2007, concurrently with global value chain (GVC) integration, after which there is no trend for both. We develop a...

Persistent link: https://www.econbiz.de/10014080608

Decoupling Global Value Chains

Eppinger, Peter S.; Felbermayr, Gabriel; Krebs, Oliver; … - 2021

Recent disruptions to global value chains (GVCs) have raised an important question: Can decoupling from GVCs increase a country’s welfare by reducing its exposure to foreign supply shocks? We use a quantitative trade model to simulate GVCs decoupling, defined as increased barriers to global...

Persistent link: https://www.econbiz.de/10013227605

Determinants of Global Value Chain Participation : Cross-Country Evidence

Fernandes, Ana Margarida - 2020

The past decades witnessed big changes in international trade with the rise of global value chains. Some countries, such as China, Poland, and Vietnam rode the tide, while other countries, many in the Africa region, faltered. This paper studies the determinants of participation in global value...

Persistent link: https://www.econbiz.de/10012834362

Automation, Global Value Chains and Functional Specialization

Fontagné, Lionel; Reshef, Ariell; Santoni, Gianluca; … - 2023

We study how technology adoption and changes in global value chain (GVC) integration jointly affect labor shares and business function specialization in a sample of 14 manufacturing industries in 14 European countries in 1999–2011. Our main contribution is to highlight the indirect effect of...

Persistent link: https://www.econbiz.de/10014260701

Growing like China : firm performance and global production line position

Chor, Davin; Manova, Kalina; Yu, Zhihong - 2020 - Version of August, 2020

Global value chains have fundamentally transformed international trade and development in recent decades. We use matched firm-level customs and manufacturing survey data, together with Input-Output tables for China, to examine how Chinese firms position themselves in global production lines and...

Persistent link: https://www.econbiz.de/10012501399

Corporate Social Responsibility along the Global Value Chain

Herkenhoff, Philipp; Krautheim, Sebastian; Semrau, Finn Ole - 2021

Firms are under increasing pressure to meet stakeholders' demand for Corporate Social Responsibility (CSR) along their global value chains. We study the incentives for and investments in CSR at different stages of the production process. We analyze a model of sequential production with...

Persistent link: https://www.econbiz.de/10013177532

Globalization in the Time of COVID-19

Sforza, Alessandro - 2020

The economic effects of a pandemic crucially depend on the extend to which countries are connected in global production networks. In this paper we incorporate production barriers induced by COVID-19 shock into a Ricardian model with sectoral linkages, trade in intermediate goods and sectoral...

Persistent link: https://www.econbiz.de/10012837986

Role of production networks in sustaining and rebalancing Asia's growth

Thorbecke, Willem; Bhattacharyay, Biswa N. - 2012

economic growth in East Asia. Developed Asia produces technology-intensive intermediate goods and capital goods and ships them …, the ability of the rest of the world to absorb Asia's exports has decreased. Export production in some Asian countries has … facilitated by improving connectivity through increased investment in connecting infrastructure such as transport and …

Persistent link: https://www.econbiz.de/10010283611

Global Value Chains, Trade Shocks and Jobs : An Application to Brexit

Vandenbussche, Hylke - 2019

We develop a network trade model with country-sector level input-output linkages. It includes (1) domestic and global value chain linkages between all country-sectors, (2) direct as well as indirect shipments (via other sectors and countries) to a final destination, (3) value added rather than...

Persistent link: https://www.econbiz.de/10012892112

COVID-19 shocking global value chains

Eppinger, Peter S.; Felbermayr, Gabriel; Krebs, Oliver; … - 2021

In early 2020, the disease Covid-19 caused a drastic lockdown of the Chinese economy. We use a quantitative trade model with input-output linkages to gauge the effects of this adverse supply shock in China on the global economy through international trade and global value chains (GVCs). We find...

Persistent link: https://www.econbiz.de/10013315297