Capital dynamics, global value chains and competitiveness (CaDoVaC)

Client/Funding Institution

Joint Research Centre (JRC)


The research project analyses the interaction between capital accumulation and FDI on the one hand, and global value chains, trade and productivity patterns – on the other. The analysis is carried out at the international level comparing the EU with the US, China and Japan, as well as at the national and industry levels focusing on the developments within the EU. The project aims to cast light on important dimensions of EU competitiveness concerning the implications of capital formation and allocation as a driver of global value chains, the role of capital composition in productivity dynamics, as well as obstacles for efficient capital allocation.


October 2018 - April 2020

wiiw team Leader

Robert Stehrer

wiiw Staff

Amat Adarov, Nadya Heger, Monika Schwarzhappel, David Zenz


Keywords: FDI, capital accumulation, global value chains, productivity, capital dynamics, EU competitiveness, capital

Countries covered: EU-28, Japan, USA

Research Areas: International Trade, Competitiveness and FDI