About the contributors vi
Foreword xii
Introduction 13
João Amador and Filippo di Mauro
Part I Mapping global value chains
Foreign value added in Eurozone exports 24
João Amador, Rita Cappariello, Robert Stehrer
Global value chains: ‘Factory World’ is emerging 36
Bart Los, Marcel Timmer and Gaaitzen de Vries
Factor specialisation within global value chains 48
Bart Los, Robert Stehrer, Marcel Timmer and Gaaitzen de Vries
A basic network perspective 58
João Amador and Sónia Cabral
Networks and structural integration in global value chains 68
Gianluca Santoni and Daria Taglioni
Global value networks 85
Carlo Altomonte, Italo Colantone, Armando Rungi and Tommaso Sonno
Part II Impacts of global value chains
Global value chains, labour markets and productivity 107
João Amador and Sónia Cabral
Global value chains and the great collapse in value added trade 121
Arne J. Nagengast and Robert Stehrer
The trade and demand nexus: Do global value chains matter? 132
Alexander Al-Haschimi, Frauke Skudelny, Elena Vaccarino and Julia Wörz
The interpretation of changes in global market shares: Adding the global value chain dimension 148
Konstantins Benkovskis and Julia Wörz
On the interpretation of trade imbalances 163
Arne J. Nagengast and Robert Stehrer
Part III The firm-level dimension
Firms’ engagement in global value chains 174
Iulia Siedschlag and Gavin Murphy
Global value chains and multinational activity with financial frictions 187
Kalina Manova
Appendix – Analysis of global production networks: Approaches, concepts and data 201
Bart Los and Marcel Timmer