Global Value Chains, International Fragmentation of Production and Implications for European Union
Global Value Chains, International Fragmentation of Production and Implications for European Union
Author(s): Rajmund Mirdala
Subject(s): Economy, Supranational / Global Economy, Business Economy / Management
Published by: ASERS Publishing
Keywords: global; value chain,; production; internationally; European Union;
Summary/Abstract: We may observe high dynamics of fragmentation of value chains on global level than on regional level. Territorial proximity or common trade areas are still considered as key determinants of distribution of value added within production chains though with reduced importance that 15-20 years ago. Intention of countries to participate in new international division of labor based on participation of country in the global value chains reveals lot of opened questions for industrial policy framework.
- E-ISBN-13: 978-606-8689-38-8
- Print-ISBN-13: 978-606-8689-39-5
- Page Count: 204
- Publication Year: 2018
- Language: English
Development of global value chains
Development of global value chains
(Development of global value chains)
- Author(s):Oľga Nosáľová
- Language:English
- Subject(s):Economy, Business Economy / Management
- Page Range:11-25
- No. of Pages:15
- Keywords:vertical division of labor; fragmentation of production; commodity chains; global value chains; networks; added value in exports;
- Summary/Abstract:The main objective of the chapter is to present the basis and development of global value chain and the reflection of this issue in publications in the literature from the time when commodity chains began to change the nature of relations between suppliers and buyers from different countries till present. It explains how and why the fragmentation of production has contributed to the strong interconnectedness of the countries and how different authors and institutions responded to this development. Their approaches and characteristics are summed up according to stages and commodity chain (CC), global commodity chain (GCC) and global value chain (GVC) theories.
- Price: 25.00 €
Slovak Republic and global value chains
Slovak Republic and global value chains
(Slovak Republic and global value chains)
- Author(s):Oľga Nosáľová
- Language:English
- Subject(s):Economy, Supranational / Global Economy, Business Economy / Management
- Page Range:26-84
- No. of Pages:59
- Keywords:Slovak Republic; export; import; domestic value added in exports; foreign added value in exports; intermediate; final product; global value chains; industry;
- Summary/Abstract:The main objective of the chapter is to determine the position of the Slovak Republic in the world economy, to compare the export and import development in the of the Slovak Republic according to the gross (traditional) measures and the relatively new approach - value added in exports and imports, using the OECD trade in value added (TiVA) database. On the basis of the decomposition of gross exports and gross imports of the Slovak Republic for the period 1995-2011 to items according to the movement of domestic and foreign value added in total exports and import and export of intermediate products and final products. The chapter identifies participation of the Slovak Republic in global value chains, by sector and branches. The observed increasing differences in the bilateral foreign trade relations of the Slovak Republic in terms of value added, compared to the traditional results, point to the fact that the Slovak Republic is increasingly becoming part of simple and complex global value chains.
- Price: 20.00 €
Balance of trade of the Slovak Republic according to the traditional measurement and value added
Balance of trade of the Slovak Republic according to the traditional measurement and value added
(Balance of trade of the Slovak Republic according to the traditional measurement and value added)
- Author(s):Oľga Nosáľová
- Language:English
- Subject(s):Economy, Supranational / Global Economy, Business Economy / Management
- Page Range:85-95
- No. of Pages:11
- Keywords:Slovak Republic; gross trade balance; balance of trade; trade value added; OECD countries; non-OECD countries;
- Summary/Abstract:Examination of foreign trade according to the value added allows the compilation of the balance of trade according to exports of domestic value added in exports and foreign value added in imports. In this chapter, according to this approach, the development of balance of trade of the Slovak Republic is compared to the world, OECD and non-OECD countries with traditional approach according to gross indicators of export and import for the period 1995-2018.
- Price: 25.00 €
Structural changes of the Slovak economy
Structural changes of the Slovak economy
(Structural changes of the Slovak economy)
- Author(s):Júlia Ďurčová, Dominika Oravcov
- Language:English
- Subject(s):Economy, Supranational / Global Economy, Business Economy / Management
- Page Range:96-120
- No. of Pages:25
- Keywords:global value chains; export; input-output analysis; multipliers; value added;
- Summary/Abstract:Due to international fragmentation of production in world economy we observe changes in international competitiveness. Intention of countries to participate in new international division of labor based on participation of country in the global value chains reveals lot of opened questions. Understanding effects of exports for domestic production as well as value added creation and employment can provide important development policy insights. Since the differences between gross exports and value added in exports are already considerable and growing, assessing the competitiveness of economies through traditional indicators based on gross export statistics is becoming increasingly less relevant. In order to examine structural and intra-industrial linkages we implement input-output analysis that is based on the use of input-output tables that provide crucial information on value added within individual segments. The results indicate that Slovak industries are strongly linking to foreign demand. Almost all value added of top Slovak exporting sectors is generated by foreign demand. This confirms the high risk of vulnerability to external shocks. The results prove that production multiplier over analysed period decreases, the most in exporting sectors. As expected, the exporting sectors generated lower product multiplication effect for Slovak economy. The sectors with dominant services share multiply more value added by unit of production compared to manufacturing exporting sectors. Moreover, the multiplier of value added for example for construction sector rises. However, the exporting sectors still lagged and their effect on domestic value added is even weakening.
- Price: 25.00 €
Offshoring and labor demand changes in case of the Slovak Republic
Offshoring and labor demand changes in case of the Slovak Republic
(Offshoring and labor demand changes in case of the Slovak Republic)
- Author(s):Júlia Ďurčová
- Language:English
- Subject(s):Economy, Supranational / Global Economy, Business Economy / Management
- Page Range:121-141
- No. of Pages:21
- Keywords:labor demand; global value chains; employment; offshoring; translog cost function;
- Summary/Abstract:Offshoring represents one of the main characteristics of the current stage of globalization. It is often felt that whilst offshoring leads to important gains to producers and consumers, the costs appear to fall disproportionately on workers, especially those with low levels of skills. The research for OECD countries shows that the demand for skilled workers relative to unskilled workers as well as the relative wages of skilled workers have risen in OECD countries. The question is whether increased participation in GVCs is a cause of the rising demand for skilled workers or whether outsourcing and offshoring is a large enough activity to have an adverse effect on labor market. The effect of offshoring on labor demand is estimated using the system of cost share equations derived from translog cost function. The data come from World Input-Output Database (WIOD). The results for the Slovak Republic indicate that the rising participation of Slovak industry on global value chains did not lead to dramatically changes in labor structure during last 17 years. However, the disproportionate share of industrial sectors as well as capital and labor share in value added creation still remain and raise. Moreover, the results clearly reveal the differences between domestic and foreign orientated industry.
- Price: 25.00 €
Development of global value chains
Development of global value chains
(Development of global value chains)
- Author(s):Oľga Nosáľová
- Language:English
- Subject(s):Economy, Accounting - Business Administration
- Page Range:142-170
- No. of Pages:29
- Keywords:vertical division of labor; fragmentation of production; commodity chains; global value chains; networks; added value in exports;
- Summary/Abstract:The main objective of the chapter is to present the basis and development of global value chain and the reflection of this issue in publications in the literature from the time when commodity chains began to change the nature of relations between suppliers and buyers from different countries till present. It explains how and why the fragmentation of production has contributed to the strong interconnectedness of the countries and how different authors and institutions responded to this development. Their approaches and characteristics are summed up according to stages and commodity chain (CC), global commodity chain (GCC) and global value chain (GVC) theories.
- Price: 25.00 €
International fragmentation of production and export-import determination in the EU member countries
International fragmentation of production and export-import determination in the EU member countries
(International fragmentation of production and export-import determination in the EU member countries)
- Author(s):Rajmund Mirdala, Anna Ruščáková, Jozefina Semančíková
- Language:English
- Subject(s):Economy, Supranational / Global Economy, Business Economy / Management
- Page Range:171-204
- No. of Pages:34
- Keywords:current account; external balance; export, import; global value chains;
- Summary/Abstract:Intra-Eurozone current account imbalances represent one of the most discussed topics related to the competitiveness issues of the common currency area since its establishment. Many authors examined this phenomenon considering possible linkages to effects of common monetary policy, real exchange rates movements, variety of demand drivers (fiscal imbalances included) and capital flows. However, as a result of increasing specialization on the individual country level during past few decades that stimulated distribution of individual stages of production across countries, dynamics of exports and imports of final goods, intermediate goods as well as primary inputs was associated with generally ambiguous effect on the external balance.The paper investigates the main determinants of aggregate and disaggregated export and import demand functions on the sample of 21 the European Union member countries. Our results from estimated ARDL model based on the panel data indicate relatively high role of imports in aggregate export functions while estimated aggregate functions indicated relatively high contribution of domestic demand to the dynamics of imports. Disaggregated analysis revealed significant importance of intermediate goods in the formation of external trade balances within as well as outside European Union from both territorial and commodity aspects.
- Price: 25.00 €