Chemical Industry and Value-Added Trade – A Comparative Study on Hungary and Poland

Pawel Folfas and Beáta Udvari ()
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Beáta Udvari: Faculty of Economics and Business Administration, Institute of Finance and International Economic Relations, University of Szeged, Hungary

Acta Oeconomica, 2019, vol. 69, issue 1, 81-99

Abstract: Nowadays, global production networks (GPN) and global value chains (GVC) play an important role in the world economy intensifying the trade and production networks and resulting in products having value-added in different countries. The analysis of how many intermediate products a country imports in order to produce a product and of how many products a country exports to another country in order to produce new products draws the attention to value-added trade. In the present study, we compare the Hungarian and Polish value-added trade of chemicals and chemical products. We use the OECD-WTO data of value-added trade, which is based on an input-output table. By calculating numerous indices, we reveal that the domestic value-added of chemicals and chemical products in the two countries was relatively low and should be increased by adequate economic policy.

Keywords: chemical industry; value-added trade; Hungary; Poland (search for similar items in EconPapers)
JEL-codes: F14 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (3)

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