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Global value chains and effective exchange rates at the country-sector level

Patel, Nikhil; Wang, Zhi; Wei, Shang-jin - 2017

The real effective exchange rate (REER) is one of the most cited statistical constructs in open-economy macroeconomics. We show that the models used to compute these numbers are not rich enough to allow for the rising importance of global value chains. Moreover, because different sectors within...

Persistent link: https://www.econbiz.de/10011772161

Exports, unemployment and the welfare state

Janeba, Eckhard (contributor) - 2007

The paper analyzes the labor market effects of globalization when foreign market entry is costly and risky. With … cannot easily switch industries and wages are inflexible in the short run, globalization tends to increase unemployment. In … popular views about the globalization effects in the U.S. and continental Europe. The results also suggest that the welfare …

Persistent link: https://www.econbiz.de/10003456055

COVID-19 and global value chains : a discussion of arguments on value chain organization and the role of the WTO

Bacchetta, Marc; Bekkers, Eddy; Piermartini, Roberta; … - 2021 - Manuscript date: 11 January 2021

Since the outbreak of the COVID-19 pandemic there has been a discussion among researchers and policy makers about changes to global value chains, both about expected changes and changes that should be promoted by government policies. In this paper we conduct an in-depth analysis of the reasons...

Persistent link: https://www.econbiz.de/10012419255

The mining global value chain

Korinek, Jane - 2020

The mining sector accounts for a substantial share of exports and GDP in some countries, but rarely creates many direct jobs. This paper examines the mining sector using a value chain perspective, looking at both direct and indirect inputs and outputs. It finds that inputs from other sectors, in...

Persistent link: https://www.econbiz.de/10012147313

Assessing Asia : Sub-Saharan Africa global value chain linkages

Tang, Heiwai; Zeng, Douglas Zhihua; Zeufack, Albert G. - 2020

This paper studies the relationship between Asia’s economic engagements in Africa and individual African nations’ participation in global value chains (GVC) over the past two decades. We find that while overall exports from Africa to Asia are still highly concentrated in resource-intensive...

Persistent link: https://www.econbiz.de/10012233620

Boosting SMEs' internationalisation in Poland

Goujard, Antoine; Guérin, Pierre - 2020

The rapid internationalisation of the Polish economy has helped develop competitive export-led manufacturing and services sectors fostering robust growth and productivity performance. However, the benefits of this development have been unequal. Many small and medium-sized enterprises (SMEs),...

Persistent link: https://www.econbiz.de/10012421300

Working conditions in Europe : the role of global value chains and advanced digital production-driven technological specialisation

Nikulin, Dagmara; Parteka, Aleksandra; … - 2022

This paper’s analysis of working conditions in Europe compares several aspects of job quality and wages, rather than relying on earnings as a sole indicator of workers’ well-being.We use a micro-level database of workers from 22 European countries to assess how global value chains (GVCs) and...

Persistent link: https://www.econbiz.de/10014265736

The role of managerial work in market performance : a monopoly model with team production

Hildenbrand, Andreas; Duran, Mihael - 2013

A monopolist is treated as a nexus of contracts with team production. It has one ownermanager. The owner-manager is the employer of two employees. A team production problem is present if the employer is a "managerial lemon". If the team production problem is solved, the employer is a "managerial...

Persistent link: https://www.econbiz.de/10010223041

The role of managerial work in market performance : a monopoly model with team production

Hildenbrand, Andreas; Duran, Mihael - 2013

Persistent link: https://www.econbiz.de/10010225516

Legal unbundling can be a golden mean between vertical integration and separation

Höffler, Felix (contributor); Kranz, Sebastian (contributor) - 2007

We study an industry in which an upstream monopolist supplies an essential input at a regulated price to several downstream firms. Legal unbundling means that a downstream firm owns the upstream firm but this upstream firm is legally independent and maximizes its own upstream profits. We allow...

Persistent link: https://www.econbiz.de/10003612735