A Sourcing Risk Index for U.S. Manufacturing Industries
Andrea De Michelis and
Mariano A. Somale
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Mariano A. Somale: https://www.federalreserve.gov/econres/mariano-a-somale.htm
No 2023-09-08-4, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)
Abstract:
Modern manufacturing production is organized in complex global value chains (GVCs), whereby the production process of a good is split into multiple stages across many countries and sectors. By allowing producers to specialize in a narrow set of tasks according to their comparative advantage, GVCs have brought significant productivity gains.
Date: 2023-09-08
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2023-09-08-4
DOI: 10.17016/2380-7172.3367
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