The job premium of Global Value Chains’ reorganization in European regions
Bibliographic Data
| ID | 7761665 |
|---|---|
| Authors | Roberta Capello (0000-0003-0438-6900, Politecnico di Milano), Giovanni Perucca (0000-0001-5582-1912, Politecnico di Milano, corresponding author) |
| Year | 2025 |
| Volume | 57 |
| Issue | 4 |
| Pages | 349-368 |
| Publication date | 2025-06-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Environment and Planning A Economy and Space (JOURNAL) |
| Journal identifiers | ISSN: 0308-518X • E-ISSN: 1472-3409 |
| Publisher | SAGE Publications (PUBLISHER • US) |
| DOI | 10.1177/0308518x251324927 |
| OpenAlex | W4408929812 |
| Language | EN |
| Citations received | 1 |
| References cited | 58 |
The 2008 economic crisis triggered a reorganization of Global Value Chains (GVCs), but there is limited understanding of both the intensity of these reorganization processes and their impact on employment. This issue is especially relevant in advanced economies, where concerns over stagnant productivity and employment are increasingly troubling policymakers, struggling to decide whether to reconsider neoliberal trade policies in favour of more interventionist actions. This paper aims to examine the relationship between GVC reorganization and employment dynamics, arguing that a thorough interpretation requires identifying different models of GVC reorganization. Our empirical analysis suggests that job creation depends on the capability of an economic system of increasing its terms of trade, that is, the domestic value added and traded within the chain, per unit of value imported. The findings show that European regions which strengthened their terms of trade within GVCs during the crisis period (2007–2010) experienced a job premium in the post-recession period (2012–2016
Business · Statistics · Value premium · Global Trade and Competitiveness · Global trade and economics · Global trade, sustainability, and social impact · Mathematics · Finance
The nature and growth of vertical specialization in world trade
How Global Are Global Value Chains? A New Approach to Measure International Fragmentation
Foreign direct investment and relative wages
Protection and Real Wages
Tracing Value-Added and Double Counting in Gross Exports
Accounting for intermediates
An Inquiry into the Nature and Causes of the Wealth of Nations
Covid ‐19, trade collapse and GVC linkages
Global value chains from an evolutionary economic geography perspective
Offshore, re-shore, re-offshore
Functional specialisation in trade
Exposure to Ofdi and regional labour markets
Smile-and-go. Regional performance through global value chains in Europe
Beyond productivity slowdown
The role of regions in global value chains
On the Concept of Territorial Competitiveness
Regional reindustrialization patterns and productivity growth in Europe
International Outsourcing and the Skill Structure of Labour Demand in the United Kingdom
Untangling Trade and Technology
As Open as Possible, as Autonomous as Necessary
At the territorial roots of global processes
Shifting regional dynamics of global value chains
Does Reshoring Generate Employment? A Study on Services Reshoring and Its Intra- and Inter-Sectoral Components
| Citations per year | 1 |
|---|---|
| Citation span | 2026 - 2026 (1) |
| Highly cited | No |