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https://doi.org/10.21256/zhaw-3977| Publikationstyp: | Beitrag in wissenschaftlicher Zeitschrift |
| Art der Begutachtung: | Peer review (Publikation) |
| Titel: | Backward participation in global value chains and exchange rate driven adjustments of Swiss exports |
| Autor/-in: | Fauceglia, Dario Lassmann, Andrea Shingal, Anirudh Wermelinger, Martin |
| DOI: | 10.21256/zhaw-3977 10.1007/s10290-018-0310-z |
| Erschienen in: | Review of World Economics |
| Band(Heft): | 154 |
| Heft: | 3 |
| Seite(n): | 537 |
| Seiten bis: | 584 |
| Erscheinungsdatum: | 2018 |
| Verlag / Hrsg. Institution: | Springer |
| ISSN: | 1610-2878 1610-2886 |
| Sprache: | Englisch |
| Schlagwörter: | Global value chain; Gravity equation; International trade |
| Fachgebiet (DDC): | 337: Weltwirtschaft und Handel |
| Zusammenfassung: | This paper examines the effect of exchange rate movements on export volume, export revenues and propensity to export taking into account the extent of foreign value added content of exports (“backward integration”) in global value chains (GVCs). Using both product-level and firm-level panel data, our results suggest that Swiss exports (intensive margin) and the export probability (extensive margin) are negatively affected by a currency appreciation. However, this adverse effect is mitigated in sectors and firms that are more integrated in GVCs, which could be explained by the “natural hedging” of exchange rate movements. Our findings are robust to the use of different measures of natural hedging and GVC integration and also hold across various specifications and estimation methods that control for sample selection, firm heterogeneity, heteroskedastic errors and persistence in export behavior. The dynamic specifications also reveal that export hysteresis driven by a currency appreciation is a concern particularly for firms that are not established in export markets. |
| Weitere Angaben: | Erworben im Rahmen der Schweizer Nationallizenzen (http://www.nationallizenzen.ch) |
| URI: | https://digitalcollection.zhaw.ch/handle/11475/10338 |
| Volltext Version: | Publizierte Version |
| Lizenz (gemäss Verlagsvertrag): | Lizenz gemäss Verlagsvertrag |
| Gesperrt bis: | 2023-08-01 |
| Departement: | School of Management and Law |
| Organisationseinheit: | Zentrum für Arbeitsmärkte, Digitalisierung und Regionalökonomie (CLDR) |
| Enthalten in den Sammlungen: | Publikationen School of Management and Law |
Dateien zu dieser Ressource:
| Datei | Beschreibung | Größe | Format | |
|---|---|---|---|---|
| Fauceglia2018_Article_BackwardParticipationInGlobalV.pdf | 1.64 MB | Adobe PDF |  Öffnen/Anzeigen |
Zur Langanzeige
Fauceglia, D., Lassmann, A., Shingal, A., & Wermelinger, M. (2018). Backward participation in global value chains and exchange rate driven adjustments of Swiss exports. Review of World Economics, 154(3), 537–584. https://doi.org/10.21256/zhaw-3977
Fauceglia, D. et al. (2018) ‘Backward participation in global value chains and exchange rate driven adjustments of Swiss exports’, Review of World Economics, 154(3), pp. 537–584. Available at: https://doi.org/10.21256/zhaw-3977.
D. Fauceglia, A. Lassmann, A. Shingal, and M. Wermelinger, “Backward participation in global value chains and exchange rate driven adjustments of Swiss exports,” Review of World Economics, vol. 154, no. 3, pp. 537–584, 2018, doi: 10.21256/zhaw-3977.
FAUCEGLIA, Dario, Andrea LASSMANN, Anirudh SHINGAL und Martin WERMELINGER, 2018. Backward participation in global value chains and exchange rate driven adjustments of Swiss exports. Review of World Economics. 2018. Bd. 154, Nr. 3, S. 537–584. DOI 10.21256/zhaw-3977
Fauceglia, Dario, Andrea Lassmann, Anirudh Shingal, and Martin Wermelinger. 2018. “Backward Participation in Global Value Chains and Exchange Rate Driven Adjustments of Swiss Exports.” Review of World Economics 154 (3): 537–84. https://doi.org/10.21256/zhaw-3977.
Fauceglia, Dario, et al. “Backward Participation in Global Value Chains and Exchange Rate Driven Adjustments of Swiss Exports.” Review of World Economics, vol. 154, no. 3, 2018, pp. 537–84, https://doi.org/10.21256/zhaw-3977.
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