Arbeitspapier
Source - assembly - sink: Value added flows in the global economy
In this paper we provide a method to characterise global value chains and a related decomposition of bilateral gross exports by distinguishing three different stages of the value-added flows: (i) the source of value added, (ii) the final assembly stage of a product, and (iii) the final absorption (sink) of this product. Methodologically this is embedded in a simple framework using matrix algebra allowing for intuitive interpretations of the individual decomposition terms and results. The approach leads to a novel decomposition of bilateral gross export flows and related value-added trade indicators. It is shown how these correspond to existing measures using the property of inverse matrices. Specifically, the paper sheds light on the nature of the double-counting terms discussed in the literature. Finally, the approach outlined is extended by incorporating insights from the hypothetical extraction method. We argue that this is a complementary approach which however can be used to flexibly define the value chains of interest and characterise the respective flows that are considered part of this defined value chain, again carefully differentiating the source, assembly, and sink dimensions.
- Sprache
-
Englisch
- Erschienen in
-
Series: wiiw Working Paper ; No. 209
- Klassifikation
-
Wirtschaft
Neoclassical Models of Trade
Empirical Studies of Trade
Economic Integration
- Thema
-
global value chains
decomposition
gross exports
double-counting
hypothetical extraction
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Stehrer, Robert
- Ereignis
-
Veröffentlichung
- (wer)
-
The Vienna Institute for International Economic Studies (wiiw)
- (wo)
-
Vienna
- (wann)
-
2021
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Stehrer, Robert
- The Vienna Institute for International Economic Studies (wiiw)
Entstanden
- 2021
Ähnliche Objekte (12)
Trade in Value Added and the Valued Added in Trade
Accounting Relations in Bilateral Value Added Trade
The great collapse in value added trade
The great collapse in value added trade
The Great Collapse in Value Added Trade
Positioning Austria in the Global Economy: Value Added Trade, International Production Sharing and Global Linkages
Collateral imbalances in intra-European trade? Accounting for the differences between gross and value added trade balances
Collateral imbalances in intra-european trade? Accounting for the difference between gross and value added trade balances
Modelling International Economic Integration: Patterns of Catching-up, Foreign Direct Investment and Migration Flows
Can Trade Explain the Sector Bias of Skill-biased Technical Change?
Firmen-, Beschäftigungs- und Lohnstrukturen in der österreichischen Außenwirtschaft mit Fokus auf KMUs - Erste Analysen basierend auf Mikrodaten
Employment, Education and Occupation Structures: A Framework for Forecasting
Trade in Value Added and the Valued Added in Trade
Accounting Relations in Bilateral Value Added Trade
The great collapse in value added trade
The great collapse in value added trade
The Great Collapse in Value Added Trade
Positioning Austria in the Global Economy: Value Added Trade, International Production Sharing and Global Linkages
Collateral imbalances in intra-European trade? Accounting for the differences between gross and value added trade balances
Collateral imbalances in intra-european trade? Accounting for the difference between gross and value added trade balances
Modelling International Economic Integration: Patterns of Catching-up, Foreign Direct Investment and Migration Flows
Can Trade Explain the Sector Bias of Skill-biased Technical Change?
Firmen-, Beschäftigungs- und Lohnstrukturen in der österreichischen Außenwirtschaft mit Fokus auf KMUs - Erste Analysen basierend auf Mikrodaten
Employment, Education and Occupation Structures: A Framework for Forecasting
Trade in Value Added and the Valued Added in Trade
Accounting Relations in Bilateral Value Added Trade
The great collapse in value added trade
The great collapse in value added trade
The Great Collapse in Value Added Trade
Positioning Austria in the Global Economy: Value Added Trade, International Production Sharing and Global Linkages
Collateral imbalances in intra-European trade? Accounting for the differences between gross and value added trade balances
Collateral imbalances in intra-european trade? Accounting for the difference between gross and value added trade balances
Modelling International Economic Integration: Patterns of Catching-up, Foreign Direct Investment and Migration Flows
Can Trade Explain the Sector Bias of Skill-biased Technical Change?
Firmen-, Beschäftigungs- und Lohnstrukturen in der österreichischen Außenwirtschaft mit Fokus auf KMUs - Erste Analysen basierend auf Mikrodaten