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the participation of EU countries and industries in Global Value Chains (GVCs) and their employment structure over the … period 2000-2014. The empirical analysis is based on country/industry level data for 21 EU countries on employment, trade in … partners. We study the employment structure by looking at the shares of managers and manual workers, which reflect the …
Persistent link: https://www.econbiz.de/10012692280
This paper proposes a general method to extend a standard input-output (IO) table to incorporate firm heterogeneity when portraying the domestic segment of global value chains in a country. We develop a quadratic optimization model to estimate an extended IO table that reports inter-sector...
Persistent link: https://www.econbiz.de/10011444432
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
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/10013285571
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
Measured by trade in intermediate inputs, economic integration has increased between 2000 and 2014 between members of the European Union and even more with non-members. Integration is negatively related to economic size and positively to the number of years as a member. Germany is the largest...
Persistent link: https://www.econbiz.de/10011809936
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
Geography, economic size, or common history, help predicting signed regional trade agreements (RTAs). However, not all signed RTAs are "natural" according to economic determinants. En-dogeneity and general equilibrium effects of RTAS are the two mechanisms addressed in this paper. We estimate...
Persistent link: https://www.econbiz.de/10011822134
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
We analyze the impact of the UK national minimum wage (NMW) on the employment of young workers. The previous literature …, we find a significant and negative employment effect for male workers at 21, which we believe to be an anticipation … effect on employment of young workers, with this effect possibly occurring already well in advance of reaching the threshold …
Persistent link: https://www.econbiz.de/10009764461