NIER_paper UKTPO March31 final.pdf (281.35 kB)
Value chains and domestic competitiveness
journal contribution
posted on 2023-06-09, 21:58 authored by Michael GasiorekMichael Gasiorek, Alasdair Smith, Nicolo TamberiNicolo TamberiWith international trade increasingly undertaken within vertically fragmented supply chains, this paper considers the impact of changes in trade costs on domestic output. In the context of the UK’s exit from the EU we show that the negative impact on UK output will depend on changes in both domestic and export competitiveness. Since for many firms the majority of their sales are to the domestic market, the domestic competitiveness impact may be quantitatively more important. The impact on output will be more significant the greater the integration of firms in international supply chains, and the greater the asymmetric impact of leaving the EU on UK firms relative to EU firms.
History
Publication status
- Published
File Version
- Accepted version
Journal
National Institute Economic ReviewISSN
0027-9501Publisher
Cambridge University PressExternal DOI
Volume
252Page range
45-51Pages
7.0Department affiliated with
- Economics Publications
Full text available
- Yes
Peer reviewed?
- Yes
Legacy Posted Date
2020-10-23First Open Access (FOA) Date
2020-10-23First Compliant Deposit (FCD) Date
2020-10-22Usage metrics
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