We develop a tractable growth model to study the dynamic macroeconomic effects of multinational production (MP) across countries. In this model, MP is the vehicle of international idea diffusion: when firms produce in a foreign country, they contribute to the local stock of knowledge. We...

This paper proposes methods to incorporate firm heterogeneity in the standard IO-table based approach to portray the domestic segment of global value chains in a country. Using Chinese firm census data for both manufacturing and service sectors, along with constrained optimization techniques, we...

1. China and its New Position in the World Economy -- 2.China's Economic Growth and its Main Sources -- 3. The Growing Importance of China in Global Trade -- 4. FDI as a Driving Force of China's Expansion -- 5. The Importance of the Energy Sector in China's Growth Strategy -- Quo Vadis China

In 1978, China began to open its door to the outside world. After three decades of step-by-step reform, the country has developed into the world’s fourth largest economy with a growth rate continuing in the double digit. What has been the nature of China’s reform? What achievements have been...

Globalisation, far from meeting esoteric meaning requirements – everybody's welfare –, created the conditions for a stronger and stronger presence of multinational companies, economic giants who did not avoid emerging markets, quite the contrary. The attraction of profit oriented the...

The world economy is increasingly shaped by cross-border production and investment activity. The paper uses complex network analysis along with panel data econometric techniques to study the structure and interactions between the networks of global value chains (GVC) and foreign direct...