The effect of value chain importance on regional economic recovery

Zádor, Zsófia; Zhu, Zhen; Smith, Matthew; Gorgoni, Sara

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.

Citation

Zádor, Z., Zhu, Z., Smith, M., & Gorgoni, S. (2024). The effect of value chain importance on regional economic recovery. European Planning Studies, 32(4), 843-862. https://doi.org/10.1080/09654313.2023.2237537

• Journal Article Type: Article
• Acceptance Date: Jul 6, 2023
• Online Publication Date: Jul 21, 2023
• Publication Date: 2024
• Deposit Date: Jul 29, 2023
• Publicly Available Date: Jul 31, 2023
• Journal: European Planning Studies
• Print ISSN: 0965-4313
• Electronic ISSN: 1469-5944
• Publisher: Routledge
• Peer Reviewed: Peer Reviewed
• Volume: 32
• Issue: 4
• Pages: 843-862
• DOI: https://doi.org/10.1080/09654313.2023.2237537
• Keywords: Regional economic resilience; global valuechains; GVC importance; economic crisis