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Focussing on the global trade collapse and the subsequent recovery period, this paper examines the export performance of firms that are involved in complex internationalization strategies, which are typically associated with GVC engagement. Using a random-effects probit model with panel data and a dynamic panel data, it is found that, once firm characteristics are controlled for, complex internationalization plays an important role in continuing to export and, additionally, positively influences the level of exports. Thus, firms active in a complex mix of internationalization strategies have an added advantage, which enables them to confront the uncertainty of foreign markets in better conditions and translates to a lower likelihood of ceasing exporting and to higher export values. The analysis goes one-step further and investigate whether the impact is different during the trade collapse in 2009 and the following recovery. Here previous empirical research at firm level on the role of GVCs in trade is contradictory. The present paper throws light on this question by showing that the negative impact of trade collapse in 2009 on export level was lower for GVC-involved firms and the subsequent recovery has been more intense.

Drawing on the literature that has shown the prevalence of short-lived trade relationships, the aim of this paper is to provide further understanding about this issue by exploring the impact of engaging in Global Value Chains (GVCs) on the chance of export survival at product-country level. We also investigate whether the type of GVC participation (backward or forward) matters for export survival. Furthermore, we consider the level of development of countries with which GVC linkages are established. Our findings endorse the hypothesis that deeper participation in GVCs is a key factor in explaining stability in trade relationships, mainly for developing countries where the trade flows are especially fragile. We also find different effects depending on the type of GVC involvement and on whether the value chain partners are advanced or developing.

Using data from the OECD Inter-Country Input-Output database, we explore the impact of foreign services value added content of exports on export performance, specifically on duration of trade. Our data show that the share of foreign services content in manufacturing exports grows from 1995 to 2014, in a way similar to foreign goods content, and in contrast to the decreasing share of domestic services. Moreover, the share of foreign services value added content is larger for developing and emerging countries than for advanced countries. Our econometric findings confirm that foreign services value added embodied in manufacturing exports contribute positively to more resilient exports relationships, a positive effect which occurs for the three groups of manufacturing industries (high, medium and low technology industries) and, for each group, it is more pronounced for developing and emerging economies.

Using data from the OECD Inter-Country Input-Output database, we explore the impact of foreign services value added content of exports on export performance, specifically on duration of trade. Our data show that the share of foreign services content in manufacturing exports grows from 1995 to 2014, in a way similar to foreign goods content, and in contrast to the decreasing share of domestic services. Moreover, the share of foreign services value added content is larger for developing and emerging countries than for advanced countries. Our econometric findings confirm that foreign services value added embodied in manufacturing exports contribute positively to more resilient exports relationships, a positive effect which occurs for the three groups of manufacturing industries (high, medium and low technology industries) and, for each group, it is more pronounced for developing and emerging economies.

Drawing on the literature that has shown the prevalence of short-lived trade relationships, the aim of this paper is to provide further understanding about this issue by exploring the impact of engaging in Global Value Chains (GVCs) on the chance of export survival at product-country level. We also investigate whether the type of GVC participation (backward or forward) matters for export survival. Furthermore, we consider the level of development of countries with which GVC linkages are established. Our findings endorse the hypothesis that deeper participation in GVCs is a key factor in explaining stability in trade relationships, mainly for developing countries where the trade flows are especially fragile. We also find different effects depending on the type of GVC involvement and on whether the value chain partners are advanced or developing.

El objetivo de este trabajo es avanzar en el conocimiento sobre la participación de la industria española en redes de producción internacional. La estimación de los determinantes de los flujos comerciales de partes y componentes a partir de un modelo de gravedad ampliado con datos de panel para el periodo 1990-2007 permite delimitar la naturaleza de esta participación y deslindar, de una parte, el papel que juegan las diferencias tecnológicas y en dotación factorial de España con sus socios comerciales y de otra, la pertenencia a la Unión Europea. Los resultados obtenidos muestran que la participación española en los procesos de fragmentación de la producción internacional se produce mayoritariamente en el ámbito europeo, respondiendo a variables relacionadas con su ventaja comparativa frente a sus socios comerciales y habiendo sido la creación de la UE un elemento fundamental de impulso a este tipo de comercio. Además, se ha puesto de manifiesto que factores como la cercanía geográfica y la disponibilidad de unas estructuras de transporte y telecomunicaciones de buena calidad han favorecido este comercio intermedio, compensando la ausencia de ventajas comparantivas frente a países de menor grado de desarrollo., The aim of the paper is to advance the knowledge of Spain‟s participation in international production networks using data on trade in parts and components from 1990 to 2007. We have estimated the factors that influence trade in parts and components using an extended gravity panel data model. In addition to the standard variables in gravity models, we examine the role of differences in comparative advantages between Spain and its trading partners and the role of service link costs in parts and components trade. Our results show that the Spain‟s integration in production networking responds to variable related to the comparative advantage that Spain has in comparison with its trading countries; moreover, the creation of the EU has crucially stimulated Spanish trade in parts and components. Other factors such as geographic proximity and availability of mediumhigh quality transport and telecommunications infrastructures have boosted Spanish participation in European production-sharing networks, compensating for the lack of location advantages related to lower development countries.