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Global Supply Chains : The Looming "Great Reallocation"

Alfaro, Laura; Chor, Davin - National Bureau of Economic Research - 2023

Global supply chains have come under unprecedented stress as a result of US-China trade tensions, the Covid-19 pandemic …, and geopolitical shocks. We document shifts in the pattern of US participation in global value chains over the last four … data point to a looming "great reallocation" in supply chain activity: Direct US sourcing from China has decreased, with …

Persistent link: https://www.econbiz.de/10014372418

Growing Like China : Firm Performance and Global Production Line Position

Chor, Davin - 2020

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/10012481098

On the Divergence between CPI and PPI as Inflation Gauges : The Role of Supply Chains

Wei, Shang-Jin - 2018

This paper starts by documenting a new fact that consumer price index (CPI) and producer price index (PPI) used to move in tandem within a given country around the world, but start to diverge after 2000. Understanding the source of divergence is important as it potentially affects optimal...

Persistent link: https://www.econbiz.de/10012453395

Risks and global supply chains : What we know and what we need to know

Baldwin, Richard E.; Freeman, Rebecca - National Bureau of Economic Research - 2021

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/10012660121

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/10012462230

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/10012457597

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/10012459423

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/10012459705

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/10012460162

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/10012460683