Global Value Chains in General Equilibrium

2020 ◽  
Author(s):  
Andres Carvajal ◽  
Keisuke Teeple
Keyword(s):  
General Equilibrium ◽  
Global Value Chains ◽  
Value Chains

scholarly journals On the Geography of Global Value Chains

Econometrica ◽  
2020 ◽  
Vol 88 (4) ◽  
pp. 1553-1598 ◽  
Author(s):  
Pol Antràs ◽  
Alonso Gortari
Keyword(s):  
International Trade ◽  
General Equilibrium ◽  
Equilibrium Model ◽  
Marginal Cost ◽  
Global Value Chains ◽  
Real Income ◽  
Optimal Location ◽  
Trade Costs ◽  
Value Chains ◽  
Multi Stage

This paper develops a multi‐stage general‐equilibrium model of global value chains (GVCs) and studies the specialization of countries within GVCs in a world with barriers to international trade. With costly trade, the optimal location of production of a given stage in a GVC is not only a function of the marginal cost at which that stage can be produced in a given country, but is also shaped by the proximity of that location to the precedent and the subsequent desired locations of production. We show that, other things equal, it is optimal to locate relatively downstream stages of production in relatively central locations. We also develop and estimate a tractable, quantifiable version of our model that illustrates how changes in trade costs affect the extent to which various countries participate in domestic, regional, or global value chains, and traces the real income consequences of these changes.

scholarly journals Rising Protectionism and Global Value Chains: Quantifying the General Equilibrium Effects

2020 ◽  
Author(s):  
Rita Cappariello ◽  
Sebastian Franco-Bedoya ◽  
Vanessa Gunnella ◽  
Gianmarco I.P. Ottaviano
Keyword(s):  
General Equilibrium ◽  
Global Value Chains ◽  
Value Chains

scholarly journals Rising Protectionism and Global Value Chains: Quantifying the General Equilibrium Effects

2020 ◽  
Author(s):  
Rita Cappariello ◽  
Vanessa Gunnella ◽  
Sebastian Franco-Bedoya ◽  
Gianmarco I.P. Ottaviano
Keyword(s):  
General Equilibrium ◽  
Global Value Chains ◽  
Value Chains

International trade: Research of the reasons for the fall

2019 ◽  
pp. 79-91 ◽  
Author(s):  
V. S. Nazarov ◽  
S. S. Lazaryan ◽  
I. V. Nikonov ◽  
A. I. Votinov
Keyword(s):  
Growth Rate ◽  
International Trade ◽  
Exchange Rate ◽  
Global Economy ◽  
Structural Changes ◽  
Global Value Chains ◽  
Value Chains ◽  
Negative Contribution ◽  
Basic Commodity ◽  
The Impact

The article assesses the impact of various factors on the growth rate of international trade. Many experts interpreted the cross-border flows of goods decline against the backdrop of a growing global economy as an alarming sign that indicates a slowdown in the processes of globalization. To determine the reasons for the dynamics of international trade, the decompositions of its growth rate were carried out and allowed to single out the effect of the dollar exchange rate, the commodities prices and global value chains on the change in the volume of trade. As a result, it was discovered that the most part of the dynamics of international trade is due to fluctuations in the exchange rate of the dollar and prices for basic commodity groups. The negative contribution of trade within global value chains in 2014 was also revealed. During the investigated period (2000—2014), such a picture was observed only in the crisis periods, which may indicate the beginning of structural changes in the world trade.

Central and Eastern European states in global production linkages: country-level and sector-level analysis

2017 ◽  
pp. 38-60 ◽  
Author(s):  
Ewa Cieślik
Keyword(s):  
Global Value Chains ◽  
Jel Classification ◽  
European Countries ◽  
Value Chains ◽  
Eastern European ◽  
Large Share ◽  
Country Level ◽  
Western European ◽  
Eastern European Countries ◽  
Level Analysis

The paper evaluates Central and Eastern European countries’ (CEEs) location in global vertical specialization (global value chains, GVCs). To locate each country in global value chains (upstream or downstream segment/market) and to compare them with the selected countries, a very selective methodology was adopted. We concluded that (a) CEE countries differ in the levels of their participation in production linkages. Countries that have stronger links with Western European countries, especially with Germany, are more integrated; (b) a large share of the CEE countries’ gross exports passes through Western European GVCs; (c) most exporters in Central and Eastern Europe are positioned in the downstream segments of production rather than in the upstream markets. JEL classification: F14, F15.

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