In this study, value-added perspective focuses on the role of exports within a bilateral trading partner in the process of global value chains with vertical specialization, which is one of the various innovations in the world economy. Theoretically, we determine a proper model to connect both...

This study investigates China's new economy to estimate the impacts of China on Asian countries. For the period between 1995 and 2015, the Korea GDP increases by an average of approximately 3.34 percent and the Japanese GDP increases by approximately 0.11 percent for every one percent increase...

Emphasizing foreign affiliates amid stagnant global value-chained trade, this study provides important evidence for measurable policies which should be taken dependent on the level of GVCs integration in shaping international trade flows and multinational production activity. The recent...