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In this study, we analyze the trade linkages between the United Kingdom (UK), Finland, and the European Union (EU). We calculate the value-added content of trade through complex global value chains (GVCs), which may involve numerous production stages and third countries. Our results show that...
Persistent link: https://www.econbiz.de/10012037709
We examine value chain productivity within the EU15 from 1995 to 2017; a period marked by growth and its subsequent slowdown following the 2008 Financial Crisis. Using data on global value chains from the new OECD Inter-Country Input-Output Tables and KLEMS data, we construct a measure of total...
Persistent link: https://www.econbiz.de/10015417915
Persistent link: https://www.econbiz.de/10012258641
The construction industry has suffered from low growth in recent decades. Motivated by the economic impor-tance of the industry, we revisit the construction produc-tivity puzzle by analyzing the construction value chains of 12 European countries with data from the World In-put-Output and EU...
Persistent link: https://www.econbiz.de/10012262651
Persistent link: https://www.econbiz.de/10011993043