Working Paper: NBER ID: w26539
Authors: Pol Antràs
Abstract: I offer an overview of some key conceptual aspects associated with the rise of global value chains (GVCs). I outline a series of alternative interpretations and definitions of what the rise of GVCs entails, and I trace the implications of these alternative conceptualizations for the measurement of the phenomenon, as well as for elucidating the key determinants and implications of GVC participation, both at the country level and at the firm level. In the process, I offer some speculative thoughts about the future of GVCs in light of the advent of an array of new technologies.
Keywords: Global Value Chains; GVCs; Trade; Economic Development; Inequality
JEL Codes: D5; F1; F2; F4; F6
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| GVC participation (F63) | economic performance (P17) |
| GVC participation (F63) | wage inequality (J31) |
| GVC participation (F63) | income gains from trade (F16) |
| GVC participation (F63) | concentration of benefits among larger firms (L25) |
| trade costs (F19) | GVC flows (F12) |
| institutional quality (L15) | GVC participation (F63) |
| market size (L25) | GVC participation (F63) |