<> "The repository administrator has not yet configured an RDF license."^^ . <> . . . "The “Smile Curve”: where Value is Added along\r\nSupply Chains"^^ . "In this paper we analyze where value is added along supply chains on a sample of more than 2\r\nmillion of firms in the European Union. We detect a non-linear U-shaped relationship between the\r\nvalue added generated by firms and their position on a productive sequence, for which tasks at the\r\ntop and at the bottom show higher value added. Our findings are in line with previous hypotheses\r\non the existence of a so-called 'smile curve', resumed by both business and economic studies and\r\ndiscussed at length in international fora. Our results are robust to different empirical strategies for\r\nflexible functional forms. As far as we know, ours is the first firm-level successful attempt to test\r\nfor value generation along supply chains. Further, we find empirical support for a phenomenon of\r\ndomestic retention of value added by MNEs, which may prefer keeping at home the tasks at higher\r\npotential to safeguard present and future competitive advantages. By country, intermediate stages\r\nof production are at higher value when performed by foreign as liates, whereas domestic producers\r\nretain higher value at the very top and at the very bottom of the supply chain, organized either\r\nas independent suppliers or as domestic affiliates. Although an economic theory is still missing\r\nfor explaining how and why value generation is non-linear along a typical technological sequence,\r\nhere we argue that a microfoundation with firm-level data is useful for understanding the growth\r\npotential of countries' specialization patterns along different segments of supply chains."^^ . "2017-03" . . "5" . . "IMT School for Advanced Studies Lucca"^^ . . . . . . . . . . "Davide"^^ . "Del Prete"^^ . "Davide Del Prete"^^ . . "Armando"^^ . "Rungi"^^ . "Armando Rungi"^^ . . . . . . "The “Smile Curve”: where Value is Added along\r\nSupply Chains (PDF)"^^ . . . . . . "EIC_WP_5_2017.pdf"^^ . . . "The “Smile Curve”: where Value is Added along\r\nSupply Chains (Other)"^^ . . . . . . "lightbox.jpg"^^ . . . "The “Smile Curve”: where Value is Added along\r\nSupply Chains (Other)"^^ . . . . . . "preview.jpg"^^ . . . "The “Smile Curve”: where Value is Added along\r\nSupply Chains (Other)"^^ . . . . . . "medium.jpg"^^ . . . "The “Smile Curve”: where Value is Added along\r\nSupply Chains (Other)"^^ . . . . . . "small.jpg"^^ . . "HTML Summary of #3663 \n\nThe “Smile Curve”: where Value is Added along \nSupply Chains\n\n" . "text/html" . . . "HB Economic Theory"@en . . . "HD Industries. Land use. Labor"@en . .