Europeanization vs. globalization? A deeper look into income and employment embodied in intra-european trade

Lucía Bolea, Rosa Duarte, Gloria Jarne, Robert Marchinski, Jose Manuel Rueda-Cantuche, Julio Sánchez-Chóliz, Cristina Sarasa


Production processes are nowadays increasingly global, implying interdependent structures linking goods, processes and countries. Traditional economic blocks and sectoral intra-country linkages coexist with increasing worldwide dependencies. Recent literature supports the hypothesis of a new globalization process taking place in the late 1990s and the 21st century, centred on the consolidation of increasingly competitive macro-regions at a global level, with a growing specialization of countries within them. We propose a multiregional input-output (MRIO) model of the European Union (EU) to analyse whether the generation of employment and income in Europe in recent decades can be defined as a process that is mainly regional or global (involving countries within the region versus countries outside Europe). Our results show that intra-EU trade is an important factor contributing to income and employment growth, more oriented to intermediate inputs in the same way as extra-EU trade, despite the fact that some European countries are more specialized in final goods, mainly driven by high-income EU countries.

Palabras clave

Multiregional input-output; Global value chains; Intra-EU trade; Income; Employment; Globalization.

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e-ISSN:2340-4264   -   ISSN: 1576-0162

Entidad editora: Universidad de Huelva. Servicio de Publicaciones.