Please use this identifier to cite or link to this item: https://doi.org/10.21256/zhaw-3977
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dc.contributor.authorFauceglia, Dario-
dc.contributor.authorLassmann, Andrea-
dc.contributor.authorShingal, Anirudh-
dc.contributor.authorWermelinger, Martin-
dc.date.accessioned2018-09-07T12:52:54Z-
dc.date.available2018-09-07T12:52:54Z-
dc.date.issued2018-
dc.identifier.issn1610-2878de_CH
dc.identifier.issn1610-2886de_CH
dc.identifier.urihttps://digitalcollection.zhaw.ch/handle/11475/10338-
dc.descriptionErworben im Rahmen der Schweizer Nationallizenzen (http://www.nationallizenzen.ch)de_CH
dc.description.abstractThis paper examines the effect of exchange rate movements on export volume, export revenues and propensity to export taking into account the extent of foreign value added content of exports (“backward integration”) in global value chains (GVCs). Using both product-level and firm-level panel data, our results suggest that Swiss exports (intensive margin) and the export probability (extensive margin) are negatively affected by a currency appreciation. However, this adverse effect is mitigated in sectors and firms that are more integrated in GVCs, which could be explained by the “natural hedging” of exchange rate movements. Our findings are robust to the use of different measures of natural hedging and GVC integration and also hold across various specifications and estimation methods that control for sample selection, firm heterogeneity, heteroskedastic errors and persistence in export behavior. The dynamic specifications also reveal that export hysteresis driven by a currency appreciation is a concern particularly for firms that are not established in export markets.de_CH
dc.language.isoende_CH
dc.publisherSpringerde_CH
dc.relation.ispartofReview of World Economicsde_CH
dc.rightsLicence according to publishing contractde_CH
dc.subjectGlobal value chainde_CH
dc.subjectGravity equationde_CH
dc.subjectInternational tradede_CH
dc.subject.ddc337: Weltwirtschaft und Handelde_CH
dc.titleBackward participation in global value chains and exchange rate driven adjustments of Swiss exportsde_CH
dc.typeBeitrag in wissenschaftlicher Zeitschriftde_CH
dcterms.typeTextde_CH
zhaw.departementSchool of Management and Lawde_CH
zhaw.organisationalunitZentrum für Arbeitsmärkte, Digitalisierung und Regionalökonomie (CLDR)de_CH
dc.identifier.doi10.21256/zhaw-3977-
dc.identifier.doi10.1007/s10290-018-0310-zde_CH
zhaw.funding.euNode_CH
zhaw.issue3de_CH
zhaw.originated.zhawYesde_CH
zhaw.pages.end584de_CH
zhaw.pages.start537de_CH
zhaw.publication.statuspublishedVersionde_CH
zhaw.volume154de_CH
zhaw.embargo.end2023-08-01de_CH
zhaw.publication.reviewPeer review (Publikation)de_CH
Appears in collections:Publikationen School of Management and Law

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Fauceglia, D., Lassmann, A., Shingal, A., & Wermelinger, M. (2018). Backward participation in global value chains and exchange rate driven adjustments of Swiss exports. Review of World Economics, 154(3), 537–584. https://doi.org/10.21256/zhaw-3977
Fauceglia, D. et al. (2018) ‘Backward participation in global value chains and exchange rate driven adjustments of Swiss exports’, Review of World Economics, 154(3), pp. 537–584. Available at: https://doi.org/10.21256/zhaw-3977.
D. Fauceglia, A. Lassmann, A. Shingal, and M. Wermelinger, “Backward participation in global value chains and exchange rate driven adjustments of Swiss exports,” Review of World Economics, vol. 154, no. 3, pp. 537–584, 2018, doi: 10.21256/zhaw-3977.
FAUCEGLIA, Dario, Andrea LASSMANN, Anirudh SHINGAL und Martin WERMELINGER, 2018. Backward participation in global value chains and exchange rate driven adjustments of Swiss exports. Review of World Economics. 2018. Bd. 154, Nr. 3, S. 537–584. DOI 10.21256/zhaw-3977
Fauceglia, Dario, Andrea Lassmann, Anirudh Shingal, and Martin Wermelinger. 2018. “Backward Participation in Global Value Chains and Exchange Rate Driven Adjustments of Swiss Exports.” Review of World Economics 154 (3): 537–84. https://doi.org/10.21256/zhaw-3977.
Fauceglia, Dario, et al. “Backward Participation in Global Value Chains and Exchange Rate Driven Adjustments of Swiss Exports.” Review of World Economics, vol. 154, no. 3, 2018, pp. 537–84, https://doi.org/10.21256/zhaw-3977.


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