We study how technology adoption and changes in global value chain (GVC) integration jointly affect labor shares and business function specialization in a sample of 14 manufacturing industries in 14 European countries in 1999-2011. Our main contribution is to highlight the indirect effect of...

We analyze the effects of disasters on the global value chain based on comprehensive data from 62 countries between 2007 and 2020. On average, a typical disaster reduces total exports by -1.48%, inter-mediate exports by -1.69%, forward linkage by -1.93%, and backward linkage by -1.77%. These...

After China's accession to WTO in 2001, it has substantially reduced its own import tariffs, and since then the participation of China’s various industries in global value chains have all deepened steadily(GVC afterward). The traditional wisdom about import tariff is that proper levels of...

Using data on Indian manufacturing firms for 1999-2019, the paper examines whether participation in global value chains (GVCs) by manufacturing firms in India raises their productivity. GVC participation by industrial firms involves exporting products along with importing intermediate inputs,...

The growth of the business depends on how well the business is able to utilise its funds with the main purpose of any business activity is cost optimisation and profit maximisation. As profit maximisation is the goal of the business, wealth maximisation is the expectation of the stake holders;...

In global value chains (GVCs) analysis, controversy over the relationship between economic and social upgrading remains. Many studies argue that economic upgrading (it consists of product, process, functional, and inter-sectoral upgrading) does not always generate social upgrading in developing...

This paper investigates the impact of participation in global value chains (GVCs) on inflation for a sample of 29 OECD economies from 2000 to 2018. Overall, our empirical analysis finds that participation in GVCs increases inflation, which is driven by forward participation, whereas backward...

In this paper, we provide novel evidence of shareholder value creation in European bank M&As. We show that since 2009, bidders realize approximately 3% higher abnormal returns compared to the previous years; the returns being accompanied by significant improvements in long-term profitability....

This paper aims to advance research on transnational corporations (TNCs) and international business policy by identifying the role and influence of foreign-owned TNCs in global value chains (GVCs) compared with those of domestically owned firms. We do this by dividing the topology of trade in...