The Brexit game: uncertainty and location decision

Silveira, Douglas; Silva, Izak; Vasconcelos, Silvinha Pinto; Perobelli, Fernando Salgueiro

doi:10.1111/pirs.12550

Cited by 2 publications

(1 citation statement)

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“…In addition, the specialization degree of countries can be a driver of regional participation and position evolution in the GVCs, 8 especially for some specific sectors such as agricultural, textile and automotive sectors (see for instance Kaplinsky, 2000, Silveira et al, 2020. These sectors are representative of the different technological levels and we decided to control for the specialization of the region in these economic sectors in order to have a picture of the two sides of the coin.…”

Section: Empirical Approachmentioning

confidence: 99%

The role of regions in global value chains: an analysis for the European Union

Bolea

Duarte

Hewings

et al. 2022

Papers in Regional Science

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While considerable attention has been directed to the national-level impacts of global value chains, far less attention has been focused on the way in which global production fragmentation has affected regional economies. Using some measures derived from a multiregional, multisectoral input-output model, this paper analyzes the position and share of EU regions in Global Value Chains (GVC). The spatial determinants of these two dimensions are explored using spatial econometric methods to capture the influence of neighboring regions on these outcomes. Empirically, the focus is on a set of NUTS2 European regions for the most recent year (2010) of the EUREGIO database. Our results confirm the hypothesis of spatial dependence between regions conditioning the engagement and position GVCs, suggesting that global production processes are influenced by regional and local factors. In particular, spatial spillover effects play a significant role conditioned by both geographical proximity and similarity of production structures. The results show that sharing certain characteristics, some of them associated to their degree of proximity and the neighbouring situation of regions condition their specialization, participation and positioning in GVC, generating some

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Section: Empirical Approachmentioning

confidence: 99%

The role of regions in global value chains: an analysis for the European Union

Bolea

Duarte

Hewings

et al. 2022

Papers in Regional Science

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Global R&D Location Strategy of Multinational Enterprises: an Agent-Based Simulation Modeling Approach

Horaguchi

Susumago

2022

J Ind Compet Trade

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The global research and development (R&D) location strategy of multinational enterprises (MNEs) is examined using agent-based simulation (ABS) modeling. This study focuses on the positioning strategy of MNEs to understand the impact of their R&D location strategy. In ABS modeling, agents search for knowledge owners or universities in the global host market using Hotelling’s location model algorithm. We measure the result of increasing the number of entry agents from 2 to 121. Three types of equilibria are found in our agent-based simulation model: pure equilibrium, saturated equilibrium, and quasi-saturated equilibrium. Core locations attract MNEs, while peripheral countries in the global market are the least preferred. As a result, peripheral countries experience a paucity of foreign R&D investments. Even though emerging economies absorb foreign direct investment (FDI) inflows from MNEs, least-less developed countries (LLDC) may experience a dearth in FDI. Thus, the optimal location strategy of MNEs leads to economic disparities between the core and peripheral countries. This study suggests the need for developing official assistance to attract FDI inflows to LLDCs so that peripheral countries emerge as attractive global market destinations for MNEs.

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The Brexit game: uncertainty and location decision

Abstract: This paper aims to analyse firms' location decisions when faced with Brexit. We combine evolutionary game theory and spatial agent-based simulation approaches with inputoutput analysis to evaluate two different sectors: (i) crop and animal production; (ii) financial service activities. We

Cited by 2 publications

References 65 publications

The role of regions in global value chains: an analysis for the European Union

The role of regions in global value chains: an analysis for the European Union

Global R&D Location Strategy of Multinational Enterprises: an Agent-Based Simulation Modeling Approach

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