Backward versus forward integration of firms in global value chains
dc.contributor.author
Egger, Peter H.
dc.contributor.author
Erhardt, Katharina Margarete Klara
dc.contributor.author
Masllorens Fuentes, Gerard
dc.date.accessioned
2024-02-20T06:25:57Z
dc.date.available
2024-02-20T06:25:57Z
dc.date.issued
2023-04
dc.identifier.issn
0014-2921
dc.identifier.issn
1873-572X
dc.identifier.other
10.1016/j.euroecorev.2023.104401
en_US
dc.identifier.uri
http://hdl.handle.net/20.500.11850/660411
dc.description.abstract
This paper seeks to understand the forces determining the pattern of asset ownership in global value chains. We augment a standard model of vertical integration rooted in the property-rights theory to account for fixed integration costs and derive four channels of influence for the cross-country and cross-sector pattern of asset ownership: the relative investment intensity of sectors and countries; the relative density of markets; the relative reliance on and importance of supplying and producing country-sectors; and the relative importance of fixed integration costs. We confirm the relevance of these determinants for the observed pattern of asset ownership in a large panel of worldwide directed ownership linkages.
en_US
dc.language.iso
en
en_US
dc.publisher
Elsevier
en_US
dc.subject
Firm integration
en_US
dc.subject
Global value chains
en_US
dc.subject
Investment
en_US
dc.title
Backward versus forward integration of firms in global value chains
en_US
dc.type
Journal Article
dc.date.published
2023-02-13
ethz.journal.title
European Economic Review
ethz.journal.volume
153
en_US
ethz.journal.abbreviated
Eur. econ. rev.
ethz.pages.start
104401
en_US
ethz.size
16 p.
en_US
ethz.code.jel
JEL - JEL::L - Industrial Organization::L1 - Market Structure, Firm Strategy, and Market Performance::L14 - Transactional Relationships; Contracts and Reputation; Networks
en_US
ethz.code.jel
JEL - JEL::L - Industrial Organization::L2 - Firm Objectives, Organization, and Behavior::L22 - Firm Organization and Market Structure
en_US
ethz.code.jel
JEL - JEL::L - Industrial Organization::L2 - Firm Objectives, Organization, and Behavior::L23 - Organization of Production
en_US
ethz.code.jel
JEL - JEL::L - Industrial Organization::L2 - Firm Objectives, Organization, and Behavior::L24 - Contracting Out; Joint Ventures; Technology Licensing
en_US
ethz.grant
TRANSATLANTIC TRADE AND INVESTMENT PARTNERSHIP-INTERNATIONAL TRAINING NETWORK
en_US
ethz.identifier.wos
ethz.identifier.scopus
ethz.publication.place
Amsterdam
en_US
ethz.publication.status
published
en_US
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::03840 - Egger, Peter / Egger, Peter
en_US
ethz.leitzahl.certified
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::03840 - Egger, Peter / Egger, Peter
en_US
ethz.grant.agreementno
721916
ethz.grant.fundername
EC
ethz.grant.funderDoi
10.13039/501100000780
ethz.grant.program
H2020
ethz.date.deposited
2023-02-28T05:26:18Z
ethz.source
SCOPUS
ethz.source
FORM
ethz.eth
yes
en_US
ethz.availability
Metadata only
en_US
ethz.rosetta.installDate
2024-02-20T06:25:59Z
ethz.rosetta.lastUpdated
2025-02-14T08:03:57Z
ethz.rosetta.versionExported
true
dc.identifier.olduri
http://hdl.handle.net/20.500.11850/600801
dc.identifier.olduri
http://hdl.handle.net/20.500.11850/655262
ethz.COinS
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Journal Article [133638]