Standards in the global value chains of the European Single Market

Datos Bibliográficos

ID12316561
AutoresKnut Blind (0000-0002-6510-122X, Chair of Innovation Economics, Technische Universität Berlin, Berlin, Germany, autor de correspondencia), Axel Mangelsdorf (Chair of Innovation Economics, Technische Universität Berlin, Berlin, Germany), Crispin Niebel (0000-0002-9974-4514, Chair of Innovation Economics, Technische Universität Berlin, Berlin, Germany), Florian Ramel (0000-0001-7518-9563, Chair of Innovation Economics, Technische Universität Berlin, Berlin, Germany)
Año2017
Volumen25
Número1
Páginas28-48
Fecha de publicación2017-11-30
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaReview of International Political Economy (JOURNAL)
Identificadores de la revistaISSN: 0969-2290 • E-ISSN: 1466-4526
EditorialRoutledge (PUBLISHER • GB)
DOI10.1080/09692290.2017.1402804
OpenAlexW2772704721
IdiomaEN
Citas recibidas11
Referencias citadas34

We examine the impact of formal standards on trade in global value chains (GVCs) in Europe. Using a gravity model approach for panel data, we estimate the influence of national, European and international standards on trade in value-added and gross trade flows within Europe. We find that national standards on their own hamper trade in European value chains while European and international standards foster trade. European standards have greater influence on trade in inner-European value chains whereas international standards have positive effects on imports into Europe from third countries. European standards therefore reduce information asymmetries between market actors in the value chains of the European Single Market. International standards serve as a means of global communication between international trade partners. In addition, we find a positive effect of an interaction term between national and European standards in European value chains confirming the necessity of national standardization. Furthermore, we consider our findings not only within international political economy's theoretical literature regarding the governance of GVCs but also, the subsequent policy implications of our findings in terms of economic growth and development

Business · Corporate governance · Economics · European union · International economics · International trade · Political science · Single market · Standardization · Trade barrier · Value (mathematics · Global trade and economics · Global trade, sustainability, and social impact · International Business and FDI