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This paper studies the great collapse in value added trade using a structural decomposition analysis. We show that changes in vertical specialisation accounted for almost half of the great trade collapse, while the previous literature on gross trade has mainly focused on final expenditure,...
Persistent link: https://www.econbiz.de/10011419613
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...
Persistent link: https://www.econbiz.de/10010529478
different firm types in China. Based on our reconciled data sets for 2007 and 2010, we find that both state-owned enterprises … (SOE) and small and medium enterprises (SME) in China have much higher value-added exports (VAX) to gross exports ratios …, compared to the rest of the economy. While the VAX ratio of China's aggregate exports increased by about 9% between 2007 and …
Persistent link: https://www.econbiz.de/10011444432
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This paper empirically analyzes China's electrical equipment manufacturing industry in the context of global value … questions are addressed by measuring several different indicators. China is found to have comparative advantage and …. However, such competitiveness is not sustainable for two reasons: (1) China is actually a net value added importer, which …
Persistent link: https://www.econbiz.de/10013018839
One of the main stylised facts that has emerged from the recent literature on global value chains is that bilateral trade imbalances in gross terms can differ substantially from those measured in value added terms. However, the factors underlying the extent and sign of the differences between...
Persistent link: https://www.econbiz.de/10010384148
This study quantifies the significant economic gains that are expected to be revealed through the abolition or relaxation of local content based policies. The work analyses two specific local content policies affecting directly or indirectly the shipbuilding industry in two countries: Brazil’s...
Persistent link: https://www.econbiz.de/10012061229
estimate direct and indirect domestic value added in exports of different types of firm. We find that in China, both state … downstream within industries. These findings suggest that SOEs still play an important role in shaping China's exports. …
Persistent link: https://www.econbiz.de/10010354838
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