This paper examines the services global value chain activities in Korea using the TiVA (Trade in Value-Added) database and firm-level data. The results indicate that Korea’s services sector has been expanding gradually, with its value-added share increasing from nearly 50 per cent during the...

We use panel data consisting of 96 countries and covering the period 1960–2000 to investigate the effects of free trade agreements (FTAs) and hub-and-spoke systems of FTAs on exports. Our empirical results imply an annual growth rate of 5.57% in exports, leading to a doubling of exports after...