Globalization and the fall of markups
Author
Abstract
Suggested Citation
Note: The views expressed herein belong to the author and have not been endorsed by Narodowy Bank Polski. We would like to thank Jan Hagemejer, Marcin Kolasa and Joanna Tyrowicz; and seminar participants at Narodowy Bank Polski for helpful comments and discussions. Jakub Mućk thanks for financial support from the Foundation for Polish Science within the START fellowship.
Download full text from publisher
Other versions of this item:
- Michał Gradzewicz & Jakub Mućk, 2024. "Globalisation and the fall of markups," The World Economy, Wiley Blackwell, vol. 47(3), pages 1089-1116, March.
References listed on IDEAS
- Bo Meng & Ming Ye & Shang‐Jin Wei, 2020.
"Measuring Smile Curves in Global Value Chains,"
Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 82(5), pages 988-1016, October.
- Ye, Ming & Meng, Bo & Wei, Shang-jin, 2015. "Measuring smile curves in global value chains," IDE Discussion Papers 530, Institute of Developing Economies, Japan External Trade Organization(JETRO).
- Marcel P. Timmer & Abdul Azeez Erumban & Bart Los & Robert Stehrer & Gaaitzen J. de Vries, 2014.
"Slicing Up Global Value Chains,"
Journal of Economic Perspectives, American Economic Association, vol. 28(2), pages 99-118, Spring.
- Vries, Gaaitzen J. de & Stehrer, Robert & Los, Bart & Erumban, Abdul Azeez & Timmer, Marcel, 2013. "Slicing Up Global Value Chains," GGDC Research Memorandum GD-135, Groningen Growth and Development Centre, University of Groningen.
- Zhi Wang & Shang-Jin Wei & Kunfu Zhu, 2013. "Quantifying International Production Sharing at the Bilateral and Sector Levels," NBER Working Papers 19677, National Bureau of Economic Research, Inc.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Marcin Bielecki & Michał Brzoza-Brzezina & Marcin Kolasa, 2022.
"Aging, Migration and Monetary Policy in Poland,"
Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 1, pages 5-30.
- Marcin Bielecki & Michał Brzoza-Brzezina & Marcin Kolasa, 2021. "Aging, migration and monetary policy in Poland," NBP Working Papers 341, Narodowy Bank Polski.
- Adrián Rodríguez Valle & Esteban Fernández-Vázquez, 2023. "Estimating market power for the European manufacturing industry between 2000 and 2014," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 50(1), pages 141-172, February.
- Michał Gradzewicz, 2020. "Joint identification of monopoly and monopsony power," KAE Working Papers 2020-051, Warsaw School of Economics, Collegium of Economic Analysis.
- Santos, Diogo Oliveira & Britto, Gustavo & Ribeiro, Rafael S.M. & Cardoso, Debora Freire, 2023. "Do wages squeeze markups? Sectoral-level evidence for Brazil, 2000–2013," Structural Change and Economic Dynamics, Elsevier, vol. 66(C), pages 52-66.
- Michał Gradzewicz & Jakub Mućk, 2020.
"Unravelling the markups changes: the role of demand elasticity and concentration,"
NBP Working Papers
334, Narodowy Bank Polski.
- Michał Gradzewicz & Jakub Mućk, 2020. "Unravelling the Markups Changes: The Role of Demand Elasticity and Concentration," KAE Working Papers 2020-056, Warsaw School of Economics, Collegium of Economic Analysis.
- Emanuela Ciapanna & Sara Formai & Andrea Linarello & Gabriele Rovigatti, 2022. "Measuring market power: macro and micro evidence from Italy," Questioni di Economia e Finanza (Occasional Papers) 672, Bank of Italy, Economic Research and International Relations Area.
- Mariusz & Mirosław Błażej, 2020. "A control function approach to measuring the total factor productivity of enterprises in Poland," Bank i Kredyt, Narodowy Bank Polski, vol. 51(3), pages 293-316.
- Hagemejer, Jan & Hałka, Aleksandra & Kotłowski, Jacek, 2022.
"Global value chains and exchange rate pass-through—The role of non-linearities,"
International Review of Economics & Finance, Elsevier, vol. 82(C), pages 461-478.
- Jan Hagemejer & Aleksandra Hałka & Jacek Kotłowski, 2020. "Global value chains and exchange rate pass-through: the role of non-linearities," NBP Working Papers 324, Narodowy Bank Polski.
- Górajski, Mariusz & Kuchta, Zbigniew & Leszczyńska-Paczesna, Agnieszka, 2023. "Price-setting heterogeneity and robust monetary policy in a two-sector DSGE model of a small open economy," Economic Modelling, Elsevier, vol. 122(C).
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Lucía Bolea & Rosa Duarte & Geoffrey J. D. Hewings & Sofía Jiménez & Julio Sánchez‐Chóliz, 2022. "The role of regions in global value chains: an analysis for the European Union," Papers in Regional Science, Wiley Blackwell, vol. 101(4), pages 771-794, August.
- Zhao, Yuhuan & Liu, Ya & Qiao, Xiaoyong & Wang, Song & Zhang, Zhonghua & Zhang, Yongfeng & Li, Hao, 2018. "Tracing value added in gross exports of China: Comparison with the USA, Japan, Korea, and India based on generalized LMDI," China Economic Review, Elsevier, vol. 49(C), pages 24-44.
- Katharina Längle, 2020. "Offshoring: What Consequences for Workers? Evidence from Global Value Chains," Documents de travail du Centre d'Economie de la Sorbonne 20005, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- Jan Hagemejer, 2015.
"Productivity spillovers in the GVC. The case of Poland and the New EU Member States,"
Working Papers
2015-42, Faculty of Economic Sciences, University of Warsaw.
- Jan Hagemejer, 2016. "Productivity spillovers in the GVC: The case of Poland and the New EU Member States," EcoMod2016 9250, EcoMod.
- Pleticha, Petr, 2021.
"Who Benefits from Global Value Chain Participation? Does Functional Specialization Matter?,"
Structural Change and Economic Dynamics, Elsevier, vol. 58(C), pages 291-299.
- Petr Pleticha, 2021. "Who Benefits from Global Value Chain Participation? Does Functional Specialization Matter?," Working Papers IES 2021/12, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Apr 2021.
- Chiara Bentivogli & Tommaso Ferraresi & Paola Monti & Renato Paniccià & Stefano Rosignoli, 2019.
"Italian Regions in Global Value Chains: An Input-Output Approach,"
Politica economica, Società editrice il Mulino, issue 1, pages 55-94.
- Chiara Bentivogli & Tommaso Ferraresi & Paola Monti & Renato Panicci� & Stefano Rosignoli, 2018. "Italian Regions In Global Value Chains: an Input-Output Approach," Questioni di Economia e Finanza (Occasional Papers) 462, Bank of Italy, Economic Research and International Relations Area.
- Pao‐Li Chang & Phuong T. B. Nguyen, 2022. "Global value chains and the CPTPP," The World Economy, Wiley Blackwell, vol. 45(12), pages 3780-3832, December.
- Nenci, Silvia & Fusacchia, Ilaria & Giunta, Anna & Montalbano, Pierluigi & Pietrobelli, Carlo, 2022. "Mapping global value chain participation and positioning in agriculture and food: stylised facts, empirical evidence and critical issues," Bio-based and Applied Economics Journal, Italian Association of Agricultural and Applied Economics (AIEAA), vol. 11(2), July.
- Katharina Längle, 2020. "Offshoring: What Consequences for Workers? Evidence from Global Value Chains," Working Papers hal-02548691, HAL.
- Michał Gradzewicz & Jakub Mućk, 2020.
"Unravelling the Markups Changes: The Role of Demand Elasticity and Concentration,"
KAE Working Papers
2020-056, Warsaw School of Economics, Collegium of Economic Analysis.
- Michał Gradzewicz & Jakub Mućk, 2020. "Unravelling the markups changes: the role of demand elasticity and concentration," NBP Working Papers 334, Narodowy Bank Polski.
- Tsakanikas, Aggelos & Caloghirou, Yannis & Dimas, Petros & Stamopoulos, Dimitrios, 2022. "Intangibles, innovation, and sector specialization in global value chains: A case study on the EU's and the UK's manufacturing industries," Technological Forecasting and Social Change, Elsevier, vol. 177(C).
- Lorenzo Cresti & Maria Enrica Virgillito, 2023. "Weak sectors and weak ties? Labour dependence and asymmetric positioning in GVCs," LEM Papers Series 2023/10, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
- Boya Zhang & Shukuan Bai & Yadong Ning & Tao Ding & Yan Zhang, 2020. "Emission Embodied in International Trade and Its Responsibility from the Perspective of Global Value Chain: Progress, Trends, and Challenges," Sustainability, MDPI, vol. 12(8), pages 1-26, April.
- Ilaria Fusacchia, 2020. "Evaluating the Impact of the US–China Trade War on Euro Area Economies: A Tale of Global Value Chains," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 6(3), pages 441-468, November.
- Can Li & Qi He & Han Ji & Shengguo Yu & Jiao Wang, 2023. "Reexamining the Impact of Global Value Chain Participation on Regional Economic Growth: New Evidence Based on a Nonlinear Model and Spatial Spillover Effects with Panel Data from Chinese Cities," Sustainability, MDPI, vol. 15(18), pages 1-31, September.
- Bo Meng & Ming Ye & Shang‐Jin Wei, 2020.
"Measuring Smile Curves in Global Value Chains,"
Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 82(5), pages 988-1016, October.
- Ye, Ming & Meng, Bo & Wei, Shang-jin, 2015. "Measuring smile curves in global value chains," IDE Discussion Papers 530, Institute of Developing Economies, Japan External Trade Organization(JETRO).
- Yue Lu & Lijing Deng & Ka Zeng, 2022. "Foreign direct investment, innovation, and domestic value‐added in exports: Firm‐level evidence from China," Review of International Economics, Wiley Blackwell, vol. 30(4), pages 1199-1228, September.
- Katharina Längle, 2020. "Offshoring: What Consequences for Workers? Evidence from Global Value Chains," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-02899944, HAL.
- Lorenzo Cresti & Maria Enrica Virgillito, 2022. "Strategic sectors and essential jobs: a new taxonomy based on employment multipliers," LEM Papers Series 2022/23, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
- repec:gdk:wpaper:69 is not listed on IDEAS
- Katharina Längle, 2020. "Offshoring: What Consequences for Workers? Evidence from Global Value Chains," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-02548691, HAL.
More about this item
Keywords
markup; globalization; GVC; competition;All these keywords.
JEL classification:
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
- D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
- D4 - Microeconomics - - Market Structure, Pricing, and Design
- F61 - International Economics - - Economic Impacts of Globalization - - - Microeconomic Impacts
- L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
NEP fields
This paper has been announced in the following NEP Reports:- NEP-EUR-2019-04-08 (Microeconomic European Issues)
- NEP-INT-2019-04-08 (International Trade)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nbp:nbpmis:304. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jakub Growiec (email available below). General contact details of provider: https://edirc.repec.org/data/nbpgvpl.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.