Vulnerability and resilience: crisis transmission channels for GVCs in COVID times

El-Haddad, Amirah / Chahir Zaki
External Publications (2023)

in: Economics Bulletin 43 (4), 1581-1592

Firms that are part of GVCs are better protected from the transmission channels for the negative effects of COVID19. They also show greater resilience and so better performance. There are nuances in the results depending on whether GVC affiliation is defined in a moderately lax or strict way. The results highlight the detrimental effect of the global trend toward inward looking protectionism.