GAUGING THE VERTICAL SPECIALIZATION IN EU TRADE
The purpose of this paper is threefold. First, we review the mechanisms and determinants of vertical specialization (VS), as this has gradually become the dominant characteristic of international trade. Second, we underline that there is a rich literature regarding VS in EU trade, at aggregate and...
Saved in:
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Nicolae Titulescu University
2014-11-01
|
| Series: | Global Economic Observer |
| Subjects: | |
| Online Access: | http://www.globeco.ro/wp-content/uploads/vol/split/vol_2_no_2/geo_2014_vol2_no2_art_016.pdf |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Summary: | The purpose of this paper is threefold. First, we review the mechanisms and determinants of vertical
specialization (VS), as this has gradually become the dominant characteristic of international trade. Second,
we underline that there is a rich literature regarding VS in EU trade, at aggregate and individual levels and
research is advancing together with the instruments used to measure trade in value added. Third, our
investigation brings to the forefront a classification of EU countries according to their GVC participation
index, taking into consideration both upstream and downstream links. As a conclusion, the VS analyses help us
better understand the interconnectedness among countries and industries by means of foreign direct
investment, trade, labour migration and technology transfer. |
|---|---|
| ISSN: | 2343-9742 2343-9750 |