Structural Transitions to Electric Vehicle Production: Czech Republic

February 28, 2023

Preview Citation

Format: Chicago

Stephen Ayerst, and Neree C.G.M. Noumon Structural Transitions to Electric Vehicle Production: Czech Republic, (USA: International Monetary Fund, 2023) accessed November 21, 2024

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.

Subject: Employment, Global value chains, Globalization, International organization, Labor, Labor productivity, Monetary policy, Production, Skilled labor

Keywords: Automotive industry, Convergence, Czech Republic, Czechia economy, Electric vehicle production, Electric vehicles, Employment, Global, Global value chains, Labor productivity, Model illustration, Policy recommendation, Production capability, Skilled labor, Structural Policy

Publication Details

Pages:

22
Volume:

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DOI:

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Issue:

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Series:

Selected Issues Paper No. 2023/013
Stock No:

SIPEA2023013
ISBN:

9798400237294
ISSN:

2958-7875

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