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Conceptual Aspects of Global Value Chains
Antràs, Pol - 2019
I offer an overview of some key conceptual aspects associated with the rise of global value chains (GVCs). I outline a series of alternative interpretations and definitions of what the rise of GVCs entails, and I trace the implications of these alternative conceptualizations for the measurement...
Persistent link: https://www.econbiz.de/10012480483
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Global Value Chains
Antràs, Pol; Chor, Davin - National Bureau of Economic Research - 2021
This paper surveys the recent body of work in economics on the importance of global value chains (GVCs) in shaping international trade flows and multinational activity. On the empirical front, we begin reviewing several variants of the "macro approach" to measuring the relevance of global...
Persistent link: https://www.econbiz.de/10012496102
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Organizing the Global Value Chain
Antràs, Pol - 2012
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/10012460498
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New Technologies, Global Value Chains, and Developing Economies
Rodrik, Dani - 2018
Many of the exports of developing countries are channeled through global value chains (GVCs), which also act as conduits for new technologies. However, new capabilities and productive employment remain limited so far to a tiny sliver of globally integrated firms. GVCs and new technologies...
Persistent link: https://www.econbiz.de/10012480816
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De-Globalisation? Global Value Chains in the Post-COVID-19 Age
Antràs, Pol - 2020
This paper evaluates the extent to which the world economy has entered a phase of de-globalisation, and it offers some speculative thoughts on the future of global value chains in the post-COVID-19 age. Although the growth of international trade flows relative to that of GDP has slowed down...
Persistent link: https://www.econbiz.de/10012482334
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Global Value Chains and Inequality with Endogenous Labor Supply
Lee, Eunhee - 2018
We assess the role of global value chains in transmitting global integration shocks to aggregate trade, as well as distributional outcomes. We develop a multi-country general equilibrium trade model that features multi-stage production, with different stages having different productivities and...
Persistent link: https://www.econbiz.de/10012452837
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Measuring Global Value Chains
Johnson, Robert C. - 2017
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/10012453686
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Global Value Chains and Effective Exchange Rates at the Country-Sector Level
Patel, Nikhil - 2014
The real effective exchange rate (REER) is one of the most cited statistical constructs in international macroeconomics. With the rising importance of offshoring and outsourcing, the standard measures are increasingly flawed. In addition, because different sectors within a country may...
Persistent link: https://www.econbiz.de/10012458430
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Global Value Chains and Labor Standards : The Race-to-the-Bottom Problem
Im, Hye-jun; McLaren, John - National Bureau of Economic Research - 2023
We ask how globalization affects a government's incentives to set labor standards for its workers. In a stylized … with globalization than it would under autarky, because labor standards are a normal good and the general increase in … incomes from globalization increases demand for them. We call this the effect of `globalization in the large.' Second, if more …
Persistent link: https://www.econbiz.de/10014322750
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On the Geography of Global Value Chains
Antràs, Pol - 2017
This paper develops a multi-stage general-equilibrium model of global value chains (GVCs) and studies the specialization of countries within GVCs in a world with barriers to international trade. With costly trade, the optimal location of production of a given stage in a GVC is not only a...
Persistent link: https://www.econbiz.de/10012455225