Deep Trade Agreements and Firm Ownership in GVCs

This paper focuses on the effect of preferential trade agreements and their depth on firm ownership, in particular, along global value chains. It measures shareholder-affiliate ownership links at the country-sector-pair level to discern between vertical and horizontal links. The findings show that p...

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Bibliographic Details
Main Author: Egger, Peter H.
Other Authors: Masllorens, Gerard
Format: eBook
Language:English
Published: Washington, D.C The World Bank 2023
Subjects:
Online Access:
Collection: World Bank E-Library Archive - Collection details see MPG.ReNa
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653 |a Foreign Ownership 
653 |a Foreign Direct Investment 
653 |a PTA Depth 
653 |a International Economics and Trade 
653 |a Preferential Trade Agreement (PTA) 
653 |a International Investment 
700 1 |a Masllorens, Gerard 
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520 |a This paper focuses on the effect of preferential trade agreements and their depth on firm ownership, in particular, along global value chains. It measures shareholder-affiliate ownership links at the country-sector-pair level to discern between vertical and horizontal links. The findings show that preferential trade agreements boost vertical international investment links (both backward and forward) while reducing horizontal investment. Deep preferential trade agreements stimulate investment particularly for sector pairs, where a high input specificity prevails