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  4. Standards in the global value chains of the European Single Market
 
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2018
Journal Article
Title

Standards in the global value chains of the European Single Market

Abstract
We examine the impact of formal standards on trade in global value chains (GVCs) in Europe. Using a gravity model approach for panel data, we estimate the influence of national, European and international standards on trade in value-added and gross trade flows within Europe. We find that national standards on their own hamper trade in European value chains while European and international standards foster trade. European standards have greater influence on trade in inner-European value chains whereas international standards have positive effects on imports into Europe from third countries. European standards therefore reduce information asymmetries between market actors in the value chains of the European Single Market. International standards serve as a means of global communication between international trade partners. In addition, we find a positive effect of an interaction term between national and European standards in European value chains confirming the necessity of national standardization. Furthermore, we consider our findings not only within international political economy's theoretical literature regarding the governance of GVCs but also, the subsequent policy implications of our findings in terms of economic growth and development.
Author(s)
Blind, Knut  orcid-logo
Fraunhofer-Institut für Offene Kommunikationssysteme FOKUS  
Mangelsdorf, Axel
Technische Universität Berlin
Niebel, Crispin
Technische Universität Berlin
Ramel, Florian
Technische Universität Berlin
Journal
Review of international political economy  
Open Access
DOI
10.1080/09692290.2017.1402804
Additional full text version
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Language
English
Fraunhofer-Institut für Offene Kommunikationssysteme FOKUS  
Keyword(s)
  • single market

  • trade

  • global value chain

  • standard

  • standardization union

  • gravity model

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