Structural change and global value chains in the EU

Stöllinger, Roman

doi:10.1007/s10663-016-9349-z

Cited by 66 publications

(33 citation statements)

References 33 publications

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“…The Russian Federation, having opened its customs borders during market transformations, was faced with large-scale de-industrialization and the loss of many segments of the global market for goods and services. These findings were also confirmed by studies of Stoellinger (2016), conducted for the period 1995-2011. It turned out that production activity in the EU is increasingly concentrated in the Central European production core, which implies various structural changes in the economy in member states.…”

Section: Research Questionssupporting

confidence: 69%

Development Of Production Cooperation And Entrepreneurship In Global Value Chains

Starun¹,

Streltsov²,

Yakovlev³

2020

European Proceedings of Social and Behavioural Sciences

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Section: Research Questionssupporting

confidence: 69%

Development Of Production Cooperation And Entrepreneurship In Global Value Chains

Starun¹,

Streltsov²,

Yakovlev³

2020

European Proceedings of Social and Behavioural Sciences

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“…Currently, five of the six countries are either in negotiations to join the European Union (EU) or are candidate countries, a situation that has led to a significant improvement in their legal and regulatory frameworks 3 . This combined economic and political transformation resulted in a substantial shift in the productive and export structure of the WBC which helped them to quickly integrate into the world economy through IPNs, especially the EU, which accounts for more than 80 percent of the overall processing trade exports of the region and around 70 percent of the overall exports (Shimbov et al 2013 and2016).…”

Section: Introductionmentioning

confidence: 99%

Export Structure Upgrading and Economic Growth in the Western Balkan Countries

Shimbov

Alguacil

Suárez

2019

Emerging Markets Finance and Trade

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In this paper, we seek to analyze the impact that the ability to produce more sophisticated goods has on the economic performance of the Western Balkan region and to determine the factors fostering this process. To do so, we elaborate an export sophistication index, à la Hausmann. The outcomes obtained show that export sophistication has a positive and significant effect on growth in these economies. Additionally, we found that this process is driven more by the sophistication in medium-skill and technology-intensive manufactures goods rather than through sophistication in high-skill goods. Our findings also confirm that a greater participation in international production networks and a better institutional environment stimulates the upgrading of exports, and the subsequent economic growth of these economies.

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“…This has favoured intra-European trade and the organization of manufacturing value chains in Central Europe. As shown by Stöllinger (2016), manufacturing activity in the EU is increasingly concentrated in a Central European manufacturing core, implying divergent paths of structural change across Member States. In the rest of the EU regions accessibility has also increased, though less significantly (see Figure 22 in Di Comite et al 2018).…”

Section: The Impact Of Cohesion Policy On Public Investmentmentioning

confidence: 99%

7. Social Investment and Infrastructure

Hemerijck

Mazzucato

Reviglio

2020

Open Reports Series

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Anton Hemerijck, Mariana Mazzucato and Edoardo Reviglio, in chapter 7, offer an original perspective: the most competitive economies in the EU spend more on social policy and public services than the less successful ones. However, the twenty-first century knowledge economies are ageing societies and require European welfare states to focus as much — if not more — on ex-ante social investment capacitation than on ex-post social security compensation. The growing needs for social services will require new and updated social infrastructure. According to a report on social infrastructure in Europe coordinated by former President of the European Commission Romano Prodi in 2018, the minimal gap is estimated at €100–150 bn per annum and represents a total gap of over 1.5 tn in 2018–2030. Long-term, flexible and efficient investment in education, health and affordable housing is considered essential for the economic growth of the EU, the well-being of its people and a successful move towards upward convergence in the EU. But how do we finance the great new needs with such a pressure on public finances? The chapter suggests innovative financial solutions using institutional and community resources to lower to cost of funding of social infrastructure. One such solution is the creation of a large European Fund for Social Infrastructure, owned by State Investment Banks (SIBs) and institutional long-term investors, which would fund its operations by issuing a European Social Bond. In this endeavour, a central role must be played by the EIB and by State Investment Banks. The authors discuss the potential role of these “mission-oriented” SIBs in social innovation by changing their mission. They should not simply “compensate market failures” but also become institutions that “shape the market” and become major providers of sustainable long-term and patient finance to deliver public value.

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Structural change and global value chains in the EU

Cited by 66 publications

References 33 publications

Development Of Production Cooperation And Entrepreneurship In Global Value Chains

Development Of Production Cooperation And Entrepreneurship In Global Value Chains

Export Structure Upgrading and Economic Growth in the Western Balkan Countries

7. Social Investment and Infrastructure

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