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The network effect of deglobalisation on European regions
[De-globalisation? Global value chain in the post-COVID-19 age]

Author

Listed:
  • Raffaele Giammetti
  • Luca Papi
  • Désirée Teobaldelli
  • Davide Ticchi

Abstract

This paper investigates the effects of a retreat from global economic integration on the European regional production network for the period 2000–2010. We find that production has become increasingly fragmented, although the degree of heterogeneity across regions is substantial. This heterogeneity is also present in the direct and indirect effects of three different deglobalisation scenarios that we simulate. Our results show that deglobalisation generates winners and losers. Specifically, two groups of regions emerge; regions that would benefit from a return to a less integrated world, and regions that would instead gain from a strengthening of the European production network.

Suggested Citation

  • Raffaele Giammetti & Luca Papi & Désirée Teobaldelli & Davide Ticchi, 2022. "The network effect of deglobalisation on European regions [De-globalisation? Global value chain in the post-COVID-19 age]," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 15(2), pages 207-235.
    • Handle: RePEc:oup:cjrecs:v:15:y:2022:i:2:p:207-235.
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    File URL: http://hdl.handle.net/10.1093/cjres/rsac006
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    References listed on IDEAS

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    1. Italo Colantone & Gianmarco Ottaviano & Piero Stanig, 2021. "The Backlash of Globalization," BAFFI CAREFIN Working Papers 21165, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
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    4. Wen Chen & Bart Los & Philip McCann & Raquel Ortega‐Argilés & Mark Thissen & Frank van Oort, 2018. "The continental divide? Economic exposure to Brexit in regions and countries on both sides of The Channel," Papers in Regional Science, Wiley Blackwell, vol. 97(1), pages 25-54, March.
    5. Andre Carrascal Incera & Anastasios Kitsos & Diana Gutierrez Posada, 2022. "Universities, students and regional economies: a symbiotic relationship?," Regional Studies, Taylor & Francis Journals, vol. 56(6), pages 892-908, June.
    6. De Backer, Koen & Miroudot, Sébastien, 2014. "Mapping global value chains," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 37176.
    7. Italo Colantone & Gianmarco I.P. Ottaviano & Piero Stanig, 2021. "The Backlash of Globalization," CESifo Working Paper Series 9289, CESifo.
    8. Sébastien Miroudot, 2020. "Reshaping the policy debate on the implications of COVID-19 for global supply chains," Journal of International Business Policy, Palgrave Macmillan, vol. 3(4), pages 430-442, December.
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    Cited by:

    1. Huiwen Gong & Robert Hassink & Christopher Foster & Martin Hess & Harry Garretsen, 2022. "Globalisation in reverse? Reconfiguring the geographies of value chains and production networks [Does Covid-19 Spark the End of Globalisation?]," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 15(2), pages 165-181.

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    More about this item

    Keywords

    reshoring; global value chains; production networks; input-output; regional fragmentation; supply chains interruption;
    All these keywords.

    JEL classification:

    • D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis
    • F16 - International Economics - - Trade - - - Trade and Labor Market Interactions
    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts
    • F66 - International Economics - - Economic Impacts of Globalization - - - Labor

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