期刊
EMERGING MARKETS FINANCE AND TRADE
卷 56, 期 15, 页码 3588-3598出版社
ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
DOI: 10.1080/1540496X.2020.1855137
关键词
COVID-19; global value chains (GVC); world economy; China
COVID-19 has had a worldwide impact. The consensus is that the sudden pause of global production and the shrinking international trade will contract the global economy. This study explores the short-term impact of the COVID-19 shock on global value chains (GVC), especially considering China's production-capacity damage. Findings suggest that downstream countries and sectors suffer more from China's production disruption than upstream ones. The Most impacted countries are the United States, South Korea, Japan, and Germany; while the most-affected sectors include electronic and optical equipment, textiles, machinery, manufacturing, and wholesale trade. It is found that China is too important in GVC to be substituted for in the current world economy.
作者
我是这篇论文的作者
点击您的名字以认领此论文并将其添加到您的个人资料中。
推荐
暂无数据