Title

Global supply chains: European Union, Euro area and new member states

Document Type

Journal Article

Publication Title

Global Business Review

ISSN

09721509

Publisher

SAGE

School

School of Business and Law

RAS ID

30728

Comments

Apostolov, M., Scagnelli, S. D., & Vasile, L. (2020). Global supply chains: European Union, Euro area and new member states. Global Business Review. Advance online publication. https://doi.org/10.1177/0972150919890216

Abstract

© 2020 International Management Institute, New Delhi. Supply chains are comprised of events that link the product or service from conception, different phases of production, to final delivery to the consumers. In this regard, global supply chains (GSC) economics is concerned with the effects on the host economy due to presence of GSC as well as the importance of GSC for exports, or more specifically, the value added from exports. Thus, in this study, the concept of value-added trade was used in relation to exports, employment and foreign direct investment (FDI) in terms of trade facilitation for the host economies. The analysis presented in this article is based on the main dataset for structural business statistics (SBS) presented by Eurostat, where, first, we calculate the extent of overall changes in exports, employment and FDI stock relative to manufacturing, and second, to capture the effect of export restructuring on manufacturing productivity growth, we use the standard growth accounting approach, a production function at the industry level to total factor productivity (TFP) growth. The results show that TFP is reliant on exports for the whole European Union economy and especially for the new member states.

DOI

10.1177/0972150919890216

Share

 
COinS