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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 …
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depend critically on the availability of infrastructure services. The paper modifies and applies the O-ring theory of …
Persistent link: https://www.econbiz.de/10012732917
In this paper, we construct an elaborate general equilibrium model with a continuum of production fragments for an intermediate good, then embed it in a growth model to address the effects of global production fragmentation, vertical specialization and trade on growth and inequality for a small...
Persistent link: https://www.econbiz.de/10012668495
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In this paper, we construct an elaborate general equilibrium model with a continuum of production fragments for an intermediate good, then embed it in a growth model to address the effects of global production fragmentation, vertical specialization and trade on growth and inequality for a small...
Persistent link: https://www.econbiz.de/10013314672
interdependent, and the O-ring theory of production is such a theory. The paper first presents and modifies this model and then …
Persistent link: https://www.econbiz.de/10012883932