This paper focuses on the effect of preferential trade agreements and their depth on firm-to-firm ownership, in particular, along global value chains. It measures shareholder–affiliate ownership links at the country-sector-pair level to distinguish between vertical and horizontal links. The findings show that preferential trade agreements boost vertical international investment links (both backward and forward) while reducing horizontal investment...
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2024/02/26
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Journal Article
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194376
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1
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2024/10/29
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Disclosed
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Deep Trade Agreements and Firm Ownership in GVCs
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Citation
Peter H. Egger; Gerard Masllorens.
Deep Trade Agreements and Firm Ownership in GVCs (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099549210292414076