<> "The repository administrator has not yet configured an RDF license."^^ . <> . . . "Organizing the Global Value Chain: a firm-level test"^^ . "In this paper we study the organization of Global Value Chains on a sample of about 4,000 manufacturing parent\r\ncompanies operating more than 90,000 affiliates on a global scale, which chose to integrate at least once in the\r\nperiod 2004–2012. Assuming a technological sequence of production stages, a recent property rights framework\r\n(Antràs and Chor, 2013; Alfaro et al., 2015) predicts that a choice of vertical integration is crucially based on both\r\nthe position of a supplier along the chain and on the relative size of demand elasticities faced by the final producer\r\nand the supplier. We positively test whether, if final demand is sufficiently elastic (inelastic), producers of final\r\ngoods integrate production stages that are more proximate to (far from) the consumers. However, this is not valid\r\nfor cases of midstream parents, i.e. for producers of intermediate inputs that can integrate either backward or forward\r\nalong the chain. We document that midstream are at least as common as are downstream parent companies but that\r\nexisting theory neglects them. In these cases, we find that demand elasticities do not play a significant role in\r\nintegration choices. Interestingly, both midstream and downstream parents tend to integrate affiliates that are more\r\nproximate in segments of a supply chain. Our findings point to a role for technological determinants that may be as\r\nimportant as are contracting frictions in organizing Global Value Chains."^^ . "2015-05" . . "4" . . "IMT School for Advanced Studies Lucca"^^ . . . . . . . . . . "Armando"^^ . "Rungi"^^ . "Armando Rungi"^^ . . "Davide"^^ . "Del Prete"^^ . "Davide Del Prete"^^ . . . . . . "Organizing the Global Value Chain: a firm-level test (PDF)"^^ . . . . . . "EIC_WP_4_2015.pdf"^^ . . . "Organizing the Global Value Chain: a firm-level test (Other)"^^ . . . . . . "lightbox.jpg"^^ . . . "Organizing the Global Value Chain: a firm-level test (Other)"^^ . . . . . . "preview.jpg"^^ . . . "Organizing the Global Value Chain: a firm-level test (Other)"^^ . . . . . . "medium.jpg"^^ . . . "Organizing the Global Value Chain: a firm-level test (Other)"^^ . . . . . . "small.jpg"^^ . . "HTML Summary of #2672 \n\nOrganizing the Global Value Chain: a firm-level test\n\n" . "text/html" . . . "HB Economic Theory"@en . .