IDEAS home Printed from https://ideas.repec.org/a/sae/envira/v57y2025i4p349-368.html
   My bibliography  Save this article

The job premium of Global Value Chains’ reorganization in European regions

Author

Listed:
  • Roberta Capello

    (Department of Architecture, Built Environment and Construction Engineering, Politecnico di Milano, Milano, Italy)

  • Giovanni Perucca

    (Department of Architecture, Built Environment and Construction Engineering, Politecnico di Milano, Milano, Italy)

Abstract

The 2008 economic crisis triggered a reorganization of Global Value Chains (GVCs), but there is limited understanding of both the intensity of these reorganization processes and their impact on employment. This issue is especially relevant in advanced economies, where concerns over stagnant productivity and employment are increasingly troubling policymakers, struggling to decide whether to reconsider neoliberal trade policies in favour of more interventionist actions. This paper aims to examine the relationship between GVC reorganization and employment dynamics, arguing that a thorough interpretation requires identifying different models of GVC reorganization. Our empirical analysis suggests that job creation depends on the capability of an economic system of increasing its terms of trade, that is, the domestic value added and traded within the chain, per unit of value imported. The findings show that European regions which strengthened their terms of trade within GVCs during the crisis period (2007–2010) experienced a job premium in the post-recession period (2012–2016).

Suggested Citation

  • Roberta Capello & Giovanni Perucca, 2025. "The job premium of Global Value Chains’ reorganization in European regions," Environment and Planning A, , vol. 57(4), pages 349-368, June.
    • Handle: RePEc:sae:envira:v:57:y:2025:i:4:p:349-368
    DOI: 10.1177/0308518X251324927
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/0308518X251324927
    Download Restriction: no
    File URL: https://libkey.io/10.1177/0308518X251324927?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    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:sae:envira:v:57:y:2025:i:4:p:349-368. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.