of real shocks. Consequently, more advanced economies should have higher unemployment rates and be more prone to crisis …. The implications of the theory both for measurement and government policy are examined …

of real shocks. Consequently, more advanced economies should have higher unemployment rates and be more prone to crisis …. The implications of the theory both for measurement and government policy are examined …

This paper investigates the impact of global value chain participation on productivity, using data on trade in value … 15 years suggest that participation in global value chains is a significant driver of labor productivity. Backward …. An increase by 10 percent in the level of global value chain participation increased average productivity by close to 1 …

This paper investigates the impact of global value chain participation on productivity, using data on trade in value … 15 years suggest that participation in global value chains is a significant driver of labor productivity. Backward …. An increase by 10 percent in the level of global value chain participation increased average productivity by close to 1 …