The impact of global value chains onthe euro area economy

Bericht

The studies summarised in this paper focus on the economic implications of euro area firms' participation in global value chains (GVCs). They show how, and to what extent, a large set of economic variables and inter-linkages have been affected by international production sharing. The core conclusion is that GVC participation has major implications for the euro area economy. Consequently, there is a case for making adjustments to standard macroeconomic analysis and forecasting for the euro area, taking due account of data availability and constraints.

Object Details

• ISBN: 978-92-899-3686-6
• Language: Englisch

References and Relationships

• Bibliographic citation: Series: ECB Occasional Paper ; No. 221

Classification and Topics

• Classification: Wirtschaft ; Trade: General ; Empirical Studies of Trade ; Trade and Labor Market Interactions
• Subject: international trade ; global value chains ; vertical specialisation ; international interlinkages ; euro area

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Dorrucci, Ettore ; Gunnella, Vanessa ; Al-Haschimi, Alexander ; Benkovskis, Konstantins ; Chiacchio, Francesco ; de Soyres, François ; Di Lupidio, Benedetta ; Fidora, Michael ; Franco-Bedoya, Sebastian ; Frohm, Erik ; Gradeva, Katerina ; López-García, Paloma ; Koester, Gerrit ; Nickel, Christiane ; Osbat, Chiara ; Pavlova, Elena ; Schmitz, Martin ; Schroth, Joachim ; Skudelny, Frauke ; Tagliabracci, Alex ; Vaccarino, Elena ; Wörz, Julia
• Event: Veröffentlichung
• (who): European Central Bank (ECB)
• (where): Frankfurt a. M.
• (when): 2019

Further information

• DOI: doi:10.2866/870210
• Handle: http://hdl.handle.net/10419/207608
• Last update: 10.03.2025, 11:41 AM CET