Rungi, Armando and Del Prete, Davide The smile curve at the firm level: Where value is added along supply chains. Economics Letters, 164. pp. 38-42. ISSN 01651765 (2018)
Full text not available from this repository.Abstract
In this paper, we investigate at the firm-level where value is added along supply chains on a sample of about 2 million firms in the European Union. In line with the hypothesis of a ‘smile curve’, we detect a non-linear U-shaped relationship between the value added content of a firm and its distance from final consumption. Tasks at the early and late stages of the supply chains generate higher value added, possibly due to a higher knowledge-intensity, after controlling for firm heterogeneity. Importantly, our work shows that it is possible to exploit firm-level databases for an empirical microfoundation of value generation, which is useful for understanding the possibly unequal benefits of participating in global value chains.
| Item Type: | Article |
|---|---|
| Identification Number: | 10.1016/j.econlet.2017.12.038 |
| Uncontrolled Keywords: | Global value chains; Firm level; Smile curve; Downstreamness; Value added |
| Subjects: | H Social Sciences > HB Economic Theory H Social Sciences > HD Industries. Land use. Labor |
| Research Area: | Economics and Institutional Change |
| Depositing User: | Caterina Tangheroni |
| Date Deposited: | 10 Jan 2018 14:19 |
| Last Modified: | 10 Jan 2018 14:19 |
| URI: | http://eprints.imtlucca.it/id/eprint/3855 |
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