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Product Complexity in International Production Networks: Comparing EU Core and Old and New EU Periphery

ABSTRACT This paper focuses on analyzing the complexity level of the basket of parts and components exported by EU countries and how it is related to trade linked to international production networks. Three blocks of EU countries, which enjoy different available comparative advantages, are distinguished (Core, New Periphery, and Old Periphery). Our analysis shows that more than one third of exports of P&Cs are of very high complexity in the three blocks of countries. By estimating a panel data gravity model, we find that the higher the product complexity, the higher the volume of trade linked to international production networks, with the impact larger for EU Core countries that exhibit a wider set of high capabilities.