This working paper introduces the concept of Trade in Value Added (TiVA) and presents an initial analysis of TiVA for selected regional ESCAP economies. The paper introduces Global Value Chains (GVCs) and issues for the measurement of trade statistics due to proliferation of GVCs. It further...

Financial development plays an important role in the structure of the trade balance and promoting economic development. Trade literature suggests that differences in economies’ endowments of labour, land, physical capital and technology explain the dynamics and patterns of international trade...