Global value chains, trade shocks and jobs: An application to Brexit

Hylke Vandenbussche, William Connell and Wouter Simons

No 2020-21, Discussion Papers from University of Nottingham, GEP

Abstract: Within an open economy framework characterised by vertical linkages in production and search frictions and two-sided heterogeneity in the labour market, raising trade barriers is shown to increase unemployment across skill levels, and to reduce labour market participation and aggregate income. These effects are not necessarily moderated by maintaining frictionless mobility of capital across borders. We find that a flexicurity reform of a liberal welfare state can dampen the adverse effects of de-globalisation.

Keywords: global value chains; trade shocks; jobs; employment; labour markets (search for similar items in EconPapers)
Date: 2020
New Economics Papers: this item is included in nep-int
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https://www.nottingham.ac.uk/gep/documents/papers/2020/2020-21.pdf (application/pdf)

Related works:
Journal Article: Global value chains, trade shocks and jobs: An application to Brexit (2022)
Working Paper: Global Value Chains, Trade Shocks and Jobs: An Application to Brexit (2019)
Working Paper: Global value chains, trade shocks and jobs: an application to Brexit (2019)
Working Paper: Global Value Chains, Trade Shocks and Jobs: An Application to Brexit (2019)
Working Paper: Global Value Chains, Trade Shocks And Jobs: An Application to Brexit (2017)
Working Paper: Global value chains, trade shocks and jobs: an application to Brexit (2017)
Working Paper: Global value chains, trade shocks and jobs: an application to Brexit (2017)
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