This paper analyzes the performance of global value chains during the trade collapse. To do so, it exploits a unique transaction-level dataset on French firms containing information on cross-border monthly transactions matched with data on worldwide intra-firm linkages as defined by property...

This paper analyzes the performance of global value chains during the trade collapse. To do so, it exploits a unique transaction-level dataset on French firms containing information on cross-border monthly transactions matched with data on worldwide intra-firm linkages as defined by property...

The emergence of integrative trade and global value chains (GVCs) over the past 20 years has changed the competitive landscape in international goods and services markets. Competition in many lines of businesses, particularly in the manufacturing sector, is now taking place more at a value chain...

Intuitively, the idea of global value chains (GVCs) is relatively easy to understand - making a product or delivering a service involves many steps and increasingly these steps are separable and can be located anywhere in the world based on where it is most efficient to perform. Formalizing this...

We develop a property-rights model of the firm in which production entails a continuum of uniquely sequenced stages. In each stage, a final-good producer contracts with a distinct supplier for the procurement of a customized stage-specific component. Our model yields a sharp characterization for...

This paper empirically investigates the impact of tariffs when production is organized in global value chains. Using global input-output matrices, we construct four different tariff measures that capture the direct and indirect exposure to tariffs at different stages of the production chain for...