Structural Transitions to Electric Vehicle Production: Czech Republic

Sustaining the impressive convergence gains allowed by the Czech automotive sector has become challenging due to its comparatively lower value added, lower investments in research and development, and lower skills in the labor market.
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Volume/Issue: Volume 2023 Issue 013
Publication date: February 2023
ISBN: 9798400237294
$15.00
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Topics covered in this book

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Labor , Economics- Macroeconomics , Money and Monetary Policy , International - Economics , Automotive industry , Czech Republic , Convergence , Electric vehicles , Global value chains , Labor productivity , Structural Policy , electric vehicle production , production capability , model illustration , Czechia economy , Policy recommendation , Employment , Skilled labor , Global

Summary

Sustaining the impressive convergence gains allowed by the Czech automotive sector has become challenging due to its comparatively lower value added, lower investments in research and development, and lower skills in the labor market. Using a structural model of global value chains, the paper examines policies to smooth the transition to the production of electric vehicles in Czechia. The analysis explores the impacts of increasing labor productivity, boosting production capabilities, and moving up the global value chain. These policies were found to have a relatively lower impact when they shift specialization towards lower value-added stages of production.