Over the last two decades, world trade and production have become increasingly organized around global value chains … positive impact on income per capita and productivity, however there is large heterogeneity and the gains appear more …

industrial specialization and low international trade. As international portfolio diversification is limited and productivity is … advantage. Financial globalization then induces more specialization and more trade. The present framework yields explicit closed … financially open countries is (i) higher, (ii) more dependent on productivity differences, and (iii) less sensitive to industry …

tariffs higher up and further down in the value chain depress value added, employment, labor productivity and total factor … productivity to varying degrees. We find no benefits for the sector that enjoys additional protection, yet there is some evidence …

the relative role of 'globalization' and 'technology' shocks in accounting for the short and long run variance of global …

have also contributed to increasing productivity and long-term growth. We explore empirically the impact of GVC … participation on productivity in Estonia using firm-level data from 2000 to 2016. We find that higher GVC participation at the … industry level significantly boosts productivity at both the industry and the firm level. Frontier firms, large firms, and …

countries. Simulations on the impact of productivity shocks in Chinese textiles and machinery suggest that the required …