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1. Global value chain & changes in the nature of the firm -- 2. Petroleum value chain & its transformation -- 3. Impact of the changes on the IOC-OSC relationship -- 4. Case studies : IOC & OSC relationship in selected sectors -- 5. Conclusion.
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Using a rich dataset on over 110,000 workers from nine European countries and the USA we study the wage response to industry dependence on foreign value added. We estimate a Mincerian wage model augmented with an input-output interindustry linkages measure accounting for task heterogeneity...
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