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&D business functions. We do not find any direct effects of robot adoption; robotization affects labor only indirectly, by … through which rapid robotization in China shaped robotization in Europe and, therefore, GVC participation. This highlights an …
Persistent link: https://www.econbiz.de/10013549118
The world economy has become more and more globalized as firms have organized production along global value chains. But more recently, globalization has stalled. This paper shows that higher uncertainty, in combination with better automation technologies, has likely contributed to that trend...
Persistent link: https://www.econbiz.de/10015081333
The UK's decision to leave the EU is surrounded by several studies simulating its potential effects. Alternatively, we examine expectations embodied in stock returns using a two-part estimation process. While most firms' prices fell, there was considerable heterogeneity in their relative...
Persistent link: https://www.econbiz.de/10011654631
value chain. Using a novel combination of data sources including firm-level export data, input-output linkages, and robot … adoption, we show contrasting implications for Southern firms. Increased exposure to robot adoption in the destination country … of exports reduces firm-level exports in case of robot adoption in the same industry. However, the opposite holds when …
Persistent link: https://www.econbiz.de/10014447792
This paper provides empirical evidence on the complex role played by technology in affecting the relationship between 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...
Persistent link: https://www.econbiz.de/10012692280
This paper examines the labor market implications of investment in automation over the life cycle of ICT and robot …
Persistent link: https://www.econbiz.de/10014490819
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
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
Patent box regimes have become increasingly popular as an instrument to attract taxable income from intellectual … property (IP). This paper assesses the quantitative impact of patent box regimes on profit shifting by multinational … enterprises (MNEs). We proxy the ability to access the tax benefit of the patent box by historical IP ownership. On average …
Persistent link: https://www.econbiz.de/10011853292
We study the causal impact of invalidating marginally valid patents during post-grant opposition at the European Patent … participation of a patent's original examiner in the opposition division as an instrument. We find a disciplinary effect of … invalidation: Affected inventors file 20% fewer patent applications in the decade after the decision. This effect is entirely …
Persistent link: https://www.econbiz.de/10011996418