Welcome to my webpage!
I am Michele Mancini, Deputy Head of the Emerging Markets and World Trade Division at the Bank of Italy.

My research interests are international trade and global value chains.
Google Scholar – My IDEAS – VoxEU profile – CV
Contact me: michele.mancini (at) bancaditalia.it
Latest PUBLICATIONS
- Supply chain decoupling in green products: A granular input-output analysis, 2025, with Attinasi, Boeckelmann, de Castro Martins, Meunier, Borin, Conteduca, Energy Economics.
- Economic Consequences of Trade and Global Value Chain Integration : A Measurement Perspective, 2025, with Borin, Taglioni, World Bank Economic Review.
latest WORKS
- How Global are Local Value Chains?, with A. Borin, F. P. Conteduca, F. Leone, P. Zoi, draft available soon.
- Inputs in Distress: Geoeconomic Fragmentation and Firms’ Sourcing, 2024, Occasional Papers, no. 861, Bank of Italy. with Lebastard, Panon, Borin, Caka, Cariola, Essers, Gentili, Linarello, Padellini, Requena and Timini [link] [SUERF] [ECB Blog] [VoxEU], R&R European Economic Review
- Fragmentation and the Future of Global Value Chains, with Conteduca, Romanini, Giglioli, Borin, Attinasi, Boeckelmann, Meunier, Occasional Papers, Bank of Italy, 932 [link] Featured in the CEPR ebook edited by R. Baldwin and M. Ruta, The state of globalisation. Submitted
- VoxEU column: Roaring tariffs: The global impact of the 2025 US trade war, with F.P Conteduca and A. Borin [link]
- I have coordinated with Maria Grazia Attinasi (ECB) theESCB Report on Geoeconomic Trade Fragmentationwith contributions from 40 ESCB economists. Check it out. A summary is also available on VoxEU.
List of background papers of the ESCB Report I’ve contributed to:
>Fragmentation and the Future of Global Value Chains, with Conteduca, Romanini, Giglioli, Borin, Attinasi, Boeckelmann, Meunier, Occasional Papers, Bank of Italy, 932 [link] Featured in the CEPR ebook edited by R. Baldwin and M. Ruta, The state of globalisation.
>Inputs in Distress: Geoeconomic Fragmentation and Firms’ Sourcing, 2024, Occasional Papers, no. 861, Bank of Italy. with Lebastard, Panon, Borin, Caka, Cariola, Essers, Gentili, Linarello, Padellini, Requena and Timini [link] [SUERF] [ECB Blog] [VoxEU]
>Trade Fragmentation Unveiled: Five Facts on the Reconfiguration of Global, US, and EU trade, with Conteduca, Giglioli, Giordano, Panon, Occasional Papers, no. 881, Bank of Italy [link] [Journal version].
>European firms facing geopolitical risk: Evidence from recent Eurosystem surveys, 2024, with Balteanu, Bottone, Fernandez-Cerezo, Ioannou, Kutten, Morris [VoxEU]
>Sourcing governance and De-risking Strategies in Europe: a comparative study of Germany, Italy, and Spain, 2024, with Bottone, M., Boffelli, A., Pegoraro, D., Kutten, A., Balteanu, I., & Quintana, J. [WP version].
Tools & data on global value chains
- World Bank WITS Global Value Chains Database.
A comprehensive database of up-to-date GVC participation measures.
Overview – Visualizations – Bulk download
Based on Borin, Mancini, Taglioni, 2025, World Bank Economic Review.
- Positioning in Global Value Chains: World Map and Indicators.
A comprehensive database of up-to-date positioning measures in GVC.
Check it out here.
Based on Mancini et al., 2024, World Bank Economic Review. - Global Value Chains and Value-Added Trade Analysis in Stata: icio.
icio is a user-friendly Stata tool to compute measures of GVC participation and trade in value-added. Check it out here.
Based on Belotti, Borin, Mancini, 2021, Stata Journal, 21(3) [slides].
PUBLICATIONS IN PEER-REVIEWED JOURNALS
- Supply chain decoupling in green products: A granular input-output analysis, 2025, with Attinasi, Boeckelmann, de Castro Martins, Meunier, Borin, Conteduca, Energy Economics.
- Economic Consequences of Trade and Global Value Chain Integration : A Measurement Perspective, 2025, with Borin, Taglioni, World Bank Economic Review.
- Trade Fragmentation Unveiled: Five Facts on the Reconfiguration of Global, US, and EU trade, 2025, with Conteduca, Giglioli, Giordano, Panon, Journal of Industrial and Business Economics.
- Trade and Economic Activity: Non-Linear Modelling and Forecasting
Journal of Forecasting, 2024, with Borin and Gazzani. - Positioning in Global Value Chains: World Map and Indicators. A new dataset available for GVC analyses [
data]
World Bank Economic Review, 2024, with Montalbano, Nenci, Vurchio. - The real-time impact of the war on Russian imports: a synthetic control method approach. [
WP]
World Trade Review, 2024, with Borin, Conteduca. - Sub-Saharan Africa’s Participation in Global Value Chains: 1995-2021.
The World Economy, 2023. with Mattoo, Taglioni, Winkler. - Trade Decoupling from Russia.
International Economics, 2023, vol. 175. with Borin, Conteduca, Di Stefano, Gunnella, Panon [WP]
- Measuring what matters in value-added trade.
Economic Systems Research, 2023. with Borin [WP]
- Reshoring and plant closures in Covid-19 times: Evidence from Italian MNEs.
International Economics, 2022, vol. 172. with Di Stefano, Giovannetti, Marvasi, Vannelli. - icio – Economic Analysis with Inter-Country Input-Output tables.
Stata Journal, 2021, 21(3). with Belotti, Borin. [slides]
- EU transfers and Euroscepticism: can’t buy me love?
Economic Policy, 2021, vol. 36, with Borin, Macchi. - FDI and firm performance: an empirical analysis on Italian firms.
Review of World Economics, 2016, 152(4), with Borin.
Michele Mancini economist global value chains international trade
Michele Mancini economist global value chains international trade icio