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.
| Original language | English |
|---|---|
| Journal | European Planning Studies |
| Early online date | 21 Jul 2023 |
| DOIs | |
| Publication status | E-pub ahead of print - 21 Jul 2023 |
Keywords
- economic crisis
- global value chains
- GVC importance
- Regional economic resilience
ASJC Scopus subject areas
- Geography, Planning and Development
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