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specialization of countries within GVCs in a world with barriers to international trade. With costly trade, the optimal location of …
Persistent link: https://www.econbiz.de/10012955438
Recent studies document a decline in the share of labour and a simultaneous increase in the share of residual (‘factorless') income in national GDP. We argue the need for study of factor incomes in cross-border production to complement country studies. We define a GVC production function that...
Persistent link: https://www.econbiz.de/10012908162
We develop a property-rights model of the firm in which production entails a continuum of uniquely sequenced stages. In each stage, a final-good producer contracts with a distinct supplier for the procurement of a customized stage-specific component. Our model yields a sharp characterization for...
Persistent link: https://www.econbiz.de/10013104981
The real effective exchange rate (REER) is one of the most cited statistical constructs in open-economy macroeconomics. We show that the models used to compute these numbers are not rich enough to allow for the rising importance of global value chains. Moreover, because different sectors within...
Persistent link: https://www.econbiz.de/10013052107
This paper evaluates the extent to which the world economy has entered a phase of de-globalisation, and it offers some … indicating that the world economy has already entered an era of de-globalisation. Instead, the observed slowdown in globalisation …
Persistent link: https://www.econbiz.de/10013231215
value chains (increased export platform production). Surprisingly, however, the elasticity of world trade to trade costs is …
Persistent link: https://www.econbiz.de/10012867254
The patterns of production underlying the recent rise of global value chains (GVCs) have become increasingly complex. NAFTA supply chains, for example, are now deeply integrated: Using Mexican customs data, I find that exports to the U.S. use a much higher share of American inputs than exports...
Persistent link: https://www.econbiz.de/10012869543
This paper makes two methodological contributions. First, it proposes a framework to decompose total production activities at the country, sector, or country-sector level, to different types, depending on whether they are for pure domestic demand, traditional international trade, simple GVC...
Persistent link: https://www.econbiz.de/10012960797
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
Recent decades have seen the emergence of global value chains (GVCs), in which production stages for individual goods are broken apart and scattered across countries. Stimulated by these developments, there has been rapid progress in data and methods for measuring GVC linkages. The...
Persistent link: https://www.econbiz.de/10012943190