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Global value chains in a world of uncertainty and automation

Faber, Marius; Kilic, Kemal; Kozliakov, Gleb; Marin, Dalia - 2024

The world economy has become more and more globalized as firms have organized production along global value chains. But … developing world. Moreover, we show that results are robust to the main threats to identification related to shift …

Persistent link: https://www.econbiz.de/10015081333

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

Firm heterogeneity and imperfect competition in global production networks

Huang, Hanwei; Manova, Kalina; Perelló, Oscar; Pisch, Frank - 2024

We study the role of firm heterogeneity and imperfect competition for global production networks and the gains from trade. We develop a quantifiable trade model with two-sided firm heterogeneity, matching frictions, and oligopolistic competition upstream. More productive buyers endogenously...

Persistent link: https://www.econbiz.de/10015051741

Vehicle currency pricing and exchange rate pass-through

Chen, Natalie; Chung, Wanyu; Novy, Dennis - 2019

Using detailed firm-level transactions data for UK imports, we find that invoicing in a vehicle currency is pervasive, with more than half of transactions in our sample invoiced in neither sterling nor the exporter's currency. We then study the relationship between invoicing currency choices and...

Persistent link: https://www.econbiz.de/10012029070

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 …, is an important channel through which global economic slack influences domestic inflation. In particular, we document the … inflation rates, both across countries and over time. Accounting for the role of GVCs, we also find that the conventional trade …

Persistent link: https://www.econbiz.de/10011619539

Determinants of global value chain participation : cross-country evidence

Fernandes, Ana Margarida; Kee, Hiau Looi; Winkler, Deborah - 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/10012213059

Globally engaged firms in the Covid-19 crisis

Constantinescu, Cristina; Fernandes, Ana Margarida; … - 2022

This paper analyzes the initial impact and recovery of globally engaged firms from the COVID-19 crisis. It uses rich survey data of nearly 65,000 firm-year observations in 45 countries spanning three waves of data collection. The findings are organized in a series of stylized facts, which...

Persistent link: https://www.econbiz.de/10013183698

GVCs and the endogenous geography of RTAs

Fontagné, Lionel; Santoni, Gianluca - 2018

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

Trade policy along the global value chain : a rationale for the existence of deep trade agreements

Egger, Hartmut; Fischer-Thöne, Christian - 2022

This paper sets up a model of trade, in which two countries with differing levels of technology specialize in the production of sub-stages of the global value chain. In the open economy, the technologically backward country exports intermediates in exchange for imports of a homogeneous...

Persistent link: https://www.econbiz.de/10013465726

Exchange rates and consumer prices : evidence from Brexit

Breinlich, Holger; Leromain, Elsa; Novy, Dennis; … - 2019

costs across product groups. We show that, after the referendum, inflation increased by more for product groups with higher …

Persistent link: https://www.econbiz.de/10012157863

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