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Consistency of micro- and macro-level data on global value chains: Evidence from selected European countries

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  • A. Giunta
  • P. Montalbano
  • S. Nenci

Abstract

This study investigates the degree of consistency and fungibility of micro and macro sources of global value chain (GVC) data. We combine two datasets for selected European countries over the period 2001–2014: the European Union-European Firms in a Global Economy (EU-EFIGE) firm-level dataset (integrated with panel balance sheet data from Amadeus) and the World Input–Output Database (WIOD) at the country and sectoral level. Although the two datasets come from different sources and are based on different assumptions, we find that (i) the WIOD-based country and sectoral GVC indicators are positively correlated with firm-level proxies based on EFIGE data; and (ii) the GVC indicators from both sources are positively correlated with firm-level labor productivity. These outcomes are robust to various empirical tests and specifications, as well as to controlling for firm, sector, and country heterogeneity. Our results hold relevance for scholars by demonstrating that the available inter-country input–output (ICIO) data can be used to compensate for the scarcity of firm-level data for evidence-based GVC analyses.

Suggested Citation

  • A. Giunta & P. Montalbano & S. Nenci, 2022. "Consistency of micro- and macro-level data on global value chains: Evidence from selected European countries," International Economics, CEPII research center, issue 171, pages 130-142.
  • Handle: RePEc:cii:cepiie:2022-q3-171-8
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    Cited by:

    1. Carlo Piccardi & Lucia Tajoli & Riccardo Vitali, 2024. "Patterns of variability in the structure of global value chains: a network analysis," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 160(3), pages 1009-1036, August.
    2. Dolores Añón Higón & Ioannis Bournakis, 2024. "Participation in global value chains (GVCs) and markups: firm evidence from six European countries," International Economics and Economic Policy, Springer, vol. 21(2), pages 515-539, May.
    3. Gattone, Tulia, 2024. "Participation of farmers in market value chains: A tailored Antràs and Chor positioning indicator," Bio-based and Applied Economics Journal, Italian Association of Agricultural and Applied Economics (AIEAA), vol. 13(3), October.
    4. Roberta Arbolino & Raffaele Boffardi & P. Di Caro, 2023. "Measuring and Exploring Regional Trade Resilience in Italy During Different Crises," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 9(3), pages 1027-1047, November.
    5. Agbekponou, Kossi Messanh & Cheptea, Angela & Latouche, Karine & Le Roy, Cécilia, 2025. "Participation and positioning of agri-food firms in global value chains: Measures and data," Working Papers 349136, Institut National de la recherche Agronomique (INRA), Departement Sciences Sociales, Agriculture et Alimentation, Espace et Environnement (SAE2).
    6. Giorgia Giovannetti & Luca Lodi & Enrico Marvasi, 2026. "Global Value Chains and Subnational Exposure to Geopolitical Tensions," Working Papers - Economics wp2026_02.rdf, Universita' degli Studi di Firenze, Dipartimento di Scienze per l'Economia e l'Impresa.

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    Keywords

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    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F60 - International Economics - - Economic Impacts of Globalization - - - General
    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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