Global value chains: a view from the euro area

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This paper describes the main features of Global Value Chains (GVCs) in the euro area taken as a whole and compares with other large trade players like the US, China and Japan. In addition, the perspective of individual euro area countries is considered, with a focus on intra euro area linkages. The analysis relies primarily on the concept of foreign value added in exports, as a way to assess the pervasiveness of GVCs, it covers the period 2000-2011 and bases on the World Input-Output Database (WIOD). The paper finds that GVCs are important for the euro area as whole and they have rebounded after the great trade collapse. Moreover, there is a strong relevance of regional production linkages in Europe, with Germany playing a key role.

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• ISBN: 978-92-899-1574-8
• Language: Englisch

References and Relationships

• Bibliographic citation: Series: ECB Working Paper ; No. 1761

Classification and Topics

• Classification: Wirtschaft ; Empirical Studies of Trade ; Economic Integration
• Subject: euro area ; global value chains ; International trade

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Amador, João ; Cappariello, Rita ; Stehrer, Robert
• Event: Veröffentlichung
• (who): European Central Bank (ECB)
• (where): Frankfurt a. M.
• (when): 2015

Further information

• Handle: http://hdl.handle.net/10419/154194