Zador, Zsofia, Zhu, Zhen, Smith, Matthew and Gorgoni, Sara (2023) The effect of value chain importance on regional economic recovery. European Planning Studies. pp. 1-20. ISSN 0965-4313 (Print), 1469-5944 (Online) (doi:10.1080/09654313.2023.2237537)

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Abstract

This paper investigates the link between value chain importance and economic growth for the EU24 regions between 2008 and 2018. It finds that relying more on GVCs worsened regional growth during the financial crisis, but led to higher growth in the long run. The results contribute to the literature on regional resilience and the public debate on the impact of shocks and the desirability of GVCs. Furthermore, by separately analyzing the importance of global and regional value chains it contributes to the discussion on the effect of regionalization and provides insights on how the re-configuring of value chains may affect regional growth.

Item Type:	Article
Uncontrolled Keywords:	ρegional economic resilience; global value chains; GVC importance; economic crisis
Subjects:	H Social Sciences > HB Economic Theory H Social Sciences > HC Economic History and Conditions H Social Sciences > HF Commerce
Faculty / School / Research Centre / Research Group:	Faculty of Business Greenwich Business School > Networks and Urban Systems Centre (NUSC)
Last Modified:	02 Dec 2024 15:56
URI:	http://gala.gre.ac.uk/id/eprint/43770

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