relation: http://eprints.imtlucca.it/3855/
title: The smile curve at the firm level: Where value is added along supply chains
creator: Rungi, Armando
creator: Del Prete, Davide
subject: HB Economic Theory
subject: HD Industries. Land use. Labor
description: 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.
publisher: Elsevier
date: 2018
type: Article
type: PeerReviewed
identifier:   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)  
relation: http://doi.org/10.1016/j.econlet.2017.12.038
relation: doi:10.1016/j.econlet.2017.12.038