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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/10012514530
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Backward versus forward integration of firms in global value chains
Egger, Peter; Erhardt, Katharina; Masllorens, Gerard - 2021
Production processes are increasingly organized in international value-chain networks. The involved firms can be operating at arm’s length or be vertically integrated. Both the incidence and the direction of integration (backward or forward in the value chain) depend on specific...
Persistent link: https://www.econbiz.de/10012533967
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Covid-19 shocking global value chains
Eppinger, Peter S.; Felbermayr, Gabriel; Krebs, Oliver; … - 2020
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/10012291860
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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
vertical integration of both upstream intermediate input production and of offshoring of downstream assembly. …
Persistent link: https://www.econbiz.de/10013285571
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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/10013549118
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Offshoring along the production chain
Harms, Philipp; Lorz, Oliver; Urban, Dieter M. - 2009
Recent contributions on offshoring often assume that firms can freely split their production process into separate … technologically determined sequence of production steps. In our model, cost savings from offshoring fluctuate along the production … from offshoring even if relocating individual steps would be advantageous. Conversely, small variations in model parameters …
Persistent link: https://www.econbiz.de/10003808676
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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/10012796989
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The bazaar effect, unbundling of comparative advantage, and migration
Kohler, Wilhelm (contributor) - 2007
Persistent link: https://www.econbiz.de/10003496505
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The globalisation of inflation : the growing importance of global value chains
Auer, Raphael A.; Borio, Claudio E. V.; Filardo, Andrew J. - 2017 - This version: 06.01.2017
Greater international economic interconnectedness over recent decades has been changing inflation dynamics. This paper presents evidence that the expansion of global value chains (GVCs), ie cross-border trade in intermediate goods and services, is an important channel through which global...
Persistent link: https://www.econbiz.de/10011619539
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International inflation spillovers through input linkages
Auer, Raphael A.; Levchenko, Andrei A.; Sauré, Philip - 2017
We document that observed international input-output linkages contribute substantially to synchronizing producer price inflation (PPI) across countries. Using a multi-country, industry-level dataset that combines information on PPI and exchange rates with international and domestic input-output...
Persistent link: https://www.econbiz.de/10011619669