Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/207608
Authors: 
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
Year of Publication: 
2019
Series/Report no.: 
ECB Occasional Paper 221
Abstract: 
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.
Subjects: 
international trade
global value chains
vertical specialisation
international interlinkages
euro area
JEL: 
F6
F10
F14
F16
E3
Persistent Identifier of the first edition: 
ISBN: 
978-92-899-3686-6
Document Type: 
Research Report

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