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Levine, David K. - 2010

More advanced technologies demand higher degrees of specialization - and longer chains of production connecting raw inputs to final outputs. Longer production chains are subject to a "weakest link" effect: they are more fragile and more prone to failure. Optimal chain length is determined by the...

Persistent link: https://www.econbiz.de/10013135410

Give Credit Where Credit is Due : Tracing Value Added in Global Production Chains

Koopman, Robert - 2010

This paper provides both a conceptual framework for decomposing a country's gross exports into value-added components by source and a new bilateral database on value-added trade. Our parsimonious framework integrates all previous measures of vertical specialization and value-added trade in the...

Persistent link: https://www.econbiz.de/10013137606

Value-Added Exchange Rates

Bems, Rudolfs - 2012

This paper updates the conceptual foundations for measuring real effective exchange rates (REERs) to allow for vertical specialization in trade. We derive a value-added REER describing how demand for the value added that a country produces changes as the price of its value added changes relative...

Persistent link: https://www.econbiz.de/10013098810

Global Supply Chains and Wage Inequality

Costinot, Arnaud - 2012

A salient feature of globalization in recent decades is the emergence of "global supply chains" in which different countries specialize in different stages of a sequential production process. In Arnaud Costinot, Jonathan Vogel and Su Wang (2011), CVW hereafter, we have developed a simple theory...

Persistent link: https://www.econbiz.de/10013107972

Supply-Chain Trade : A Portrait of Global Patterns and Several Testable Hypotheses

Baldwin, Richard - 2013

The trade linked to international production networks - supply-chain trade for short - is associated with momentous global economic changes. This paper presents a portrait of the global pattern of supply-chain trade and how it has evolved since 1995. The paper draws on a variety of data sources...

Persistent link: https://www.econbiz.de/10013083394

Demand for Value Added and Value-Added Exchange Rates

Bems, Rudolfs - 2015

We examine the role of cross-border input linkages in governing how international relative price changes influence demand for domestic value added. We define a novel value-added real effective exchange rate (REER), which aggregates bilateral value-added price changes, and link this REER to...

Persistent link: https://www.econbiz.de/10013024860

Growing Like China : Firm Performance and Global Production Line Position

Chor, Davin; Manova, Kalina; Yu, Zhihong - 2022

Global value chains have fundamentally transformed international trade and development in recent decades. We use matched firm-level customs and manufacturing survey data, together with Input-Output tables for China, to examine how Chinese firms position themselves in global production lines and...

Persistent link: https://www.econbiz.de/10013289106

Global Supply Chains, Currency Undervaluation, and Firm Protectionist Demands

Jensen, J. Bradford - 2013

the U.S. despite increased import competition and ongoing currency undervaluation. To explain firm responses to … with undervalued exchange rates will lead to fewer antidumping filings. Examining the universe of U.S. manufacturing firms … undervalued currencies significantly decrease (increase) the likelihood of U.S. antidumping petitions. Our study highlights the …

Persistent link: https://www.econbiz.de/10013078827

Risks and Global Supply Chains : What We Know and What We Need to Know

Baldwin, Richard; Freeman, Rebecca - 2022

Recent supply disruptions catapulted the issue of risk in global supply chains (GSCs) to the top of policy agendas and created the impression that shortages would have been less severe if GSCs were either shorter and more domestic, or more diversified. But is this right? We start our answer by...

Persistent link: https://www.econbiz.de/10013322216

Cross-Country Causes and Consequences of the Crisis : An Update

Rose, Andrew Kenan - 2010

We update Rose and Spiegel (2009a, b) and search for simple quantitative models of macroeconomic and financial indicators of the "Great Recession" of 2008-09. We use a cross-country approach and examine a number of potential causes that have been found to be successful indicators of crisis...

Persistent link: https://www.econbiz.de/10013139743