Show simple item record

dc.contributor.authorDEL PRETE, Davide
dc.contributor.authorRUNGI, Armando
dc.date.accessioned2019-11-14T14:07:37Z
dc.date.available2019-11-14T14:07:37Z
dc.date.issued2019
dc.identifier.issn1028-3625
dc.identifier.urihttp://hdl.handle.net/1814/64987
dc.description.abstractBackward and forward vertical integrations both shape the organization of Global Value Chains (GVCs). Yet, many studies make the unrealistic assumption that integration decisions are binary and one-directional, i.e., companies make the integration decision only once and they can go either backward or forward but not in both directions. The aim of this paper is to analyze the firm-level organization of GVCs when both vertical integration decisions are taken into account. Exploiting a global sample of more than 1.4 million firms, we first document how midstream parents actually integrate on both directions along the chain, and they are at least as common as downstream and upstream parents. Then, we find that parent companies prefer to integrate production stages with a relatively low elasticity of substitution and with a technological proximity on the supply chain. Finally, we provide evidence that more than one subsidiary in a given location can perform the same production stage.en
dc.format.mimetypeapplication/pdfen
dc.language.isoenen
dc.publisherEuropean University Instituteen
dc.relation.ispartofseriesEUI RSCASen
dc.relation.ispartofseries2019/91en
dc.relation.ispartofseriesGlobal Governance Programme-377en
dc.relation.ispartofseries[Global Economics]en
dc.rightsinfo:eu-repo/semantics/openAccessen
dc.subjectGlobal value chainsen
dc.subjectVertical integrationen
dc.subjectProperty rights theoryen
dc.subjectMultinational enterprisesen
dc.subjectCorporate boundaries.en
dc.subjectF14en
dc.subjectF23en
dc.subjectD23en
dc.subjectG34en
dc.subjectL20en
dc.subject.otherTrade, investment and international cooperationen
dc.titleBackward and forward integration along global value chainsen
dc.typeWorking Paperen


Files associated with this item

Icon

This item appears in the following Collection(s)

Show simple item record