The study analyses the relationships between capital dynamics, productivity, global value chains and foreign direct … capital for productivity and GVC integration. We examine the extent of underinvestment in ICT in the EU relative to other …

We examine value chain productivity within the EU15 from 1995 to 2017; a period marked by growth and its subsequent …-Output Tables and KLEMS data, we construct a measure of total factor productivity (TFP) of value chains, indexed by their final …

We demonstrate that common modeling assumptions underlying micro-unit productivity indices induce biases in the … evolution and decomposition of standard aggregate productivity measures. After controlling for such biases, we decompose … aggregate productivity based on groups of economically significant firm types. We show that large incumbent firms that both …

superior performance of foreign-controlled plants and their productivity spillovers to domestic plants. The paper finds that … productivity growth in the last two decades. Finally, we find robust evidence for productivity spillovers from foreign …

preferential access trade agreement--the ricochet effect of the trade-induced productivity benefits via intermediates in the … Analysis Project (GTAP) with 27 sectors and 51 regions. The paper shows: (i) role of trade-mediated productivity benefits for … non-trade factors like epidemic or pandemic resulting in skill deficiencies, and translating into productivity slowdown …

Financial globalisation and spillovers have gained immense prominence over the last two decades. Yet, powerful cross … contamination is more severe for economies that are more susceptible to financial spillovers in the data; and the shock estimates … imply implausibly similar estimates of the global output spillovers from monetary policy in the US and the euro area. None …