Based on a new dataset of world input-output tables we analyze the impact of foreign demand on Chinese factor incomes and employment since 1995. We extend the global input-output methodology introduced by Johnson and Noguera (2012) and find that exports of value added rapidly increased after...

There is increasing evidence of denser networks of intermediate input flows between countries suggesting ongoing fragmentation of production chains. But to what extent is this process mainly regional, taking place between countries within a region, or mainly global, involving countries outside...

This article describes the contents and construction of the World Input-Output Database (WIOD). This database contains annual time-series of world inputoutput tables, covering the period from 1995 onwards. Underlying concepts, construction methods and data sources are considered. In addition,...

In their influential book Varieties of Capitalism; The Institutional Foundations of Comparative Advantage, Peter A. Hall and David Soskice argue that the technological specialization patterns of developed countries are largely determined by the ?varieties of capitalism? prevailing in these...

This paper aims at giving empirical content to the recent Basu & Weil (1998) theory of growth, in which localized innovation and differences in speeds of capital intensification can yield several patterns of international convergence and divergence. Using data envelopment analysis techniques, a...

In a world dominated by the emergence of global value chains, production processes increasingly fragment across a variety of countries. We provide new macro-economic evidence on this phenomenon, using a Theil-type distribution index of value added, which we call the international production...

In their influential study on productivity growth at the sector-level, Bernard and Jones (1996, BJ) observed convergence of aggregate labor productivity levels in 14 highly developed countries in 1970-1987. They also found evidence that this could be attributed to convergence in services...

Increasing fragmentation of production across borders is changing the nature of international competition. It increasingly plays out at the level of activities within industries, rather than at the level of whole industries. As a result, current measures of competitiveness such as export market...

Studies of the effects of production fragmentation on factor income distributions typically analyze changes at the country, region, industry or firm level. In this paper we take the perspective of a product, and focus on the discrete activities in distinct locations, which altogether form a...

Abstract We show that there may be circumstances in which a principal prefers not to observe the project choice of an agent that acts on her behalf. The ability of the agent is private information. Projects differ with respect to the amount of risk. If the principal can observe the project...