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Reshoring by Decree? The Effects of Decoupling Europe from Global Value Chains

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  • Alexander Sandkamp

    (Kiel Institute for the World Economy)

Abstract

Overall, decoupling from certain countries may be both politically necessary and economically feasible, at least in the long run. However, a general shift of production back to Europe would be accompanied by significant losses in real income.

Suggested Citation

  • Alexander Sandkamp, 2022. "Reshoring by Decree? The Effects of Decoupling Europe from Global Value Chains," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 57(6), pages 359-362, November.
    • Handle: RePEc:spr:intere:v:57:y:2022:i:6:d:10.1007_s10272-022-1087-9
    DOI: 10.1007/s10272-022-1087-9
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    References listed on IDEAS

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    1. Rüdiger Bachmann & David Baqaee & Christian Bayer & Moritz Kuhn & Andreas Löschel & Benjamin Moll & Andreas Peichl & Karen Pittel & Moritz Schularick, 2022. "What if? The economic effects for Germany of a stop of energy imports from Russia," Working Papers hal-03881469, HAL.
    2. Gabriel Felbermayr & Hendrik Mahlkow & Alexander Sandkamp, 2022. "Cutting through the Value Chain: The long-run effects of decoupling the East from the West," FIW Working Paper series 196, FIW.
    3. Sonali Chowdhry & Julian Hinz & Katrin Kamin & Joschka Wanner, 2024. "Brothers in arms: the value of coalitions in sanctions regimes," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 39(118), pages 471-512.
    4. Luisa Kinzius & Alexander Sandkamp & Erdal Yalcin, 2019. "Trade protection and the role of non-tariff barriers," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 155(4), pages 603-643, November.
    5. Gabriel Felbermayr & Hendrik Mahlkow & Alexander Sandkamp, 2023. "Cutting through the value chain: the long-run effects of decoupling the East from the West," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 50(1), pages 75-108, February.
    6. Michael Bratt, 2017. "Estimating the bilateral impact of nontariff measures on trade," Review of International Economics, Wiley Blackwell, vol. 25(5), pages 1105-1129, November.
    7. Andreas Baur & Lisandra Flach, 2022. "Deutsch-chinesische Handelsbeziehungen: Wie abhängig ist Deutschland vom Reich der Mitte?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 75(04), pages 56-65, April.
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    Cited by:

    1. Bartholomae Florian & Nam Chang Woon, 2023. "A Critical Discussion on the Reasons and Impacts of International Decoupling," Intereconomics: Review of European Economic Policy, Sciendo, vol. 58(2), pages 92-95, March.
    2. Grömling Michael & Koenen Michelle & Kunath Gero & Obst Thomas & Parthie Sandra, 2023. "Deindustrialisation – A European Assessment," Intereconomics: Review of European Economic Policy, Sciendo, vol. 58(4), pages 209-214, July.

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    More about this item

    Keywords

    F11; F13; F17;
    All these keywords.

    JEL classification:

    • F11 - International Economics - - Trade - - - Neoclassical Models of Trade
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F17 - International Economics - - Trade - - - Trade Forecasting and Simulation

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