Europeanization vs. Globalization? A deeper look into income and employment embodied in intra-european trade
Resumen: Production processes are nowadays increasingly global, implying interdependent structures linking goods, processes and countries. Traditional economic blocks and sectoral intra-country linkages coexist with increasing worldwide dependencies. Recent literature supports the hypothesis of a new globalization process taking place in the late 1990s and the 21st century, centred on the consolidation of increasingly competitive macro-regions at a global level, with a growing specialization of countries within them. We propose a multiregional input-output (MRIO) model of the European Union (EU) to analyse whether the generation of employment and income in Europe in recent decades can be defined as a process that is mainly regional or global (involving countries within the region versus countries outside Europe). Our results show that intra-EU trade is an important factor contributing to income and employment growth, more oriented to intermediate inputs in the same way as extra-EU trade, despite the fact that some European countries are more specialized in final goods, mainly driven by high-income EU countries.
Idioma: Inglés
Año: 2019
Publicado en: REVISTA DE ECONOMIA MUNDIAL 53 (2019), 23-44
ISSN: 1576-0162

Originalmente disponible en: Texto completo de la revista

Factor impacto JCR: 0.26 (2019)
Categ. JCR: ECONOMICS rank: 364 / 371 = 0.981 (2019) - Q4 - T3
Factor impacto SCIMAGO: 0.164 - History (Q2) - Political Science and International Relations (Q3) - Social Sciences (miscellaneous) (Q3) - Geography, Planning and Development (Q4) - Transportation (Q4) - Economics and Econometrics (Q4)

Tipo y forma: Article (Published version)
Área (Departamento): Área Fund. Análisis Económico (Dpto. Análisis Económico)

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