期刊名称：Euro Area Balance of Payments and International Investment Position Statistics
印刷版ISSN：1830-3420
电子版ISSN：1830-3439
出版年度：2018
出版社：European Central Bank
摘要：Using micro-aggregated firm information for nine Central and Eastern European (CEE) countries anddata from input-output tables, we examine the role of Global Value Chains (GVCs) for technologydiffusion across EU countries. Our empirical results provide support for a two-stage diffusion processof technology across countries. In the first stage, the most productive firms in the host economybenefit from their direct exposure to new technology created in parent firms as a result of their GVCparticipation. In the second stage, technology spills over to the rest of firms in the host economy viadomestic production networks. In addition, we show that the import of intermediate inputs –i.e.backward linkages- is the main channel of technology diffusion within GVCs. We use these results toexplain the pronounced post-crisis drop in Total Factor Productivity (TFP) growth in CEE countries.We show that due to their deep integration in GVCs, CEE countries have been exposed to two recentdevelopments highly correlated with their TFP performance: (i) a slowdown in TFP growth of parentfirms located in non-CEE EU countries; and (ii) a global slowdown in the growth rate of GVCparticipation, which is evident also for CEE countries from 2011 onwards. Moreover, we find that thecapacity of host firms in CEE countries to absorb and understand new knowledge has decreased sincethe crisis. We argue that this is related to the drop in R&D investment in the CEE region during thepost-crisis period.
关键词：TFP growth; Global Value Chains; technology diffusion; Central and Eastern;Europe
