Vertical Specialisation in Europe: Evidence from the Import Content of Exports

Abstract

One of the consequences of global market integration is the international fragmentation of production, i.e . the localisation abroad of phases of production which previously took place in the home country. 1 This process reflects the firms’ organisational choices aimed at reducing costs and increasing productivity on international markets (Antràs and Helpman, 2003; Helpman, 2006). These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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