Information technologies and automation have exposed goods and services that were not previously traded to the forces of international competition through the building of global value chains.
We study why, how and which firms operate global value chains, relocating different stages of the production process and restructuring operations internationally by outsourcing and offshoring activities. For example, what role do differences in policy, such as those governing intellectual property, and in technologies play in determining whether firms operate affiliates or transact at arm's length in a country?
While these changes may have boosted overall productivity and incomes, they have also increased competition in occupations and tasks that were previously insulated from developments elsewhere in the world. What conditions determine which firms, workers and consumers benefit or lose from firms selling, buying, or producing in global markets where they become exposed to the forces of competition and to local technologies and institutions?
Product Mix and Firm Productivity Responses to Trade Competition
Thierry Mayer, Marc J. Melitz and Gianmarco I.P. Ottaviano document how demand shocks in export markets lead French multi-product exporters to re-allocate the mix of products sold in those destinations. Read more...
Sequential exporting: how firms break into foreign markets
Many countries are looking to their export sectors as a source of future growth, but how do domestic companies make a success of selling their output abroad? Research by Emanuel Ornelas and colleagues finds evidence of 'sequential exporting' - firms experimenting in nearby foreign markets before seeking to become big exporters. Read more...
Global firms publications
Thierry Mayer, Marc J. Melitz and Gianmarco I. P. Ottaviano
1 August 2020
Arturs Kalnins, Stephen F. Lin and Catherine Thomas
1 May 2020
Rita Cappariello, Sebastian Franco-Bedoya, Vanessa Gunnella and Gianmarco Ottaviano
26 March 2020
Stefano Bolatto, Alireza Naghavi, Gianmarco Ottaviano and Katja Zajc Kejzar
21 January 2020
Johannes Boehm, Swati Dhingra and John Morrow
17 April 2019
Holger Breinlich, Anson Soderbery and Greg C. Wright
1 November 2018
Ester Faia and Gianmarco Ottaviano
27 March 2017
Facundo Albornoz, Hector Calvo-Pardo, Gregory Corcos and Emanuel Ornelas
16 February 2012