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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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Power is one of the key components in understanding and analyzing global production and is central to the analytical frameworks of both GVCs and GPNs. By focusing on firms' power within GPNs, we are able to draw a novel analytical link between the governance structures of GVCs and network...
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