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Standards in the global value chains of the European Single Market

Author

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  • Knut Blind
  • Axel Mangelsdorf
  • Crispin Niebel
  • Florian Ramel

Abstract

We examine the impact of formal standards on trade in global value chains (GVCs) in Europe. Using a gravity model approach for panel data, we estimate the influence of national, European and international standards on trade in value-added and gross trade flows within Europe. We find that national standards on their own hamper trade in European value chains while European and international standards foster trade. European standards have greater influence on trade in inner-European value chains whereas international standards have positive effects on imports into Europe from third countries. European standards therefore reduce information asymmetries between market actors in the value chains of the European Single Market. International standards serve as a means of global communication between international trade partners. In addition, we find a positive effect of an interaction term between national and European standards in European value chains confirming the necessity of national standardization. Furthermore, we consider our findings not only within international political economy's theoretical literature regarding the governance of GVCs but also, the subsequent policy implications of our findings in terms of economic growth and development.

Suggested Citation

  • Knut Blind & Axel Mangelsdorf & Crispin Niebel & Florian Ramel, 2018. "Standards in the global value chains of the European Single Market," Review of International Political Economy, Taylor & Francis Journals, vol. 25(1), pages 28-48, January.
    • Handle: RePEc:taf:rripxx:v:25:y:2018:i:1:p:28-48
    DOI: 10.1080/09692290.2017.1402804
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    Citations

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    Cited by:

    1. Knut Blind & Florian Ramel & Charlotte Rochell, 2022. "The influence of standards and patents on long-term economic growth," The Journal of Technology Transfer, Springer, vol. 47(4), pages 979-999, August.
    2. Agnes Kügler & Andreas Reinstaller & Klaus S. Friesenbichler, 2023. "Can value chain integration explain the diverging economic performance within the EU?," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 50(1), pages 25-47, March.
    3. Lijuan Yang, 2023. "Recommendations for metaverse governance based on technical standards," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-10, December.
    4. Blind, Knut & Münch, Florian, 2024. "The interplay between innovation, standards and regulation in a globalising economy," LSE Research Online Documents on Economics 122260, London School of Economics and Political Science, LSE Library.
    5. Xiaoli Zhao & Pavel Castka & Cory Searcy, 2020. "ISO Standards: A Platform for Achieving Sustainable Development Goal 2," Sustainability, MDPI, vol. 12(22), pages 1-19, November.
    6. Tomohiko Inui & Kenta Ikeuchi & Ayako Obashi & Qizhong Yang, 2021. "The impact of regulatory distance from global standards on a country’s centrality in global value chains," International Economics, CEPII research center, issue 166, pages 95-115.
    7. Pierluigi Montalbano & Silvia Nenci & Laura Dell'Agostino, 2019. "A non-parametric re-assessment of the trade effects of the euro using value added data," Working Papers 9/19, Sapienza University of Rome, DISS.
    8. Dorina Clichici, 2021. "The Path to Euro Adoption: a Case Study of Slovenia and Slovakia," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 9(1), pages 107-115, June.
    9. Viktor Shestak & Viktor Konstantinov & Vladislav Govorov & Evgenia Budko & Oleg Volodin, 2022. "Harmonization of Russian supply chain management standards with EU requirements," Regional Science Policy & Practice, Wiley Blackwell, vol. 14(4), pages 759-777, August.
    10. von Laer, Maximilian & Blind, Knut & Ramel, Florian, 2022. "Standard essential patents and global ICT value chains with a focus on the catching-up of China," Telecommunications Policy, Elsevier, vol. 46(2).
    11. Qian, Cheng & Yu, Kangkang & Chen, Ning (Chris) & Shen, Wangxianzi & Hou, Shaobo & Lei, Yanhan, 2023. "When to adopt a new process management standard? An organizational learning perspective," International Journal of Production Economics, Elsevier, vol. 263(C).

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