Measuring global value chains and regional economic integration: an international input-output approach

Bo Meng, Yong Fang () and Norihiko Yamano

No 362, IDE Discussion Papers from Institute of Developing Economies, Japan External Trade Organization(JETRO)

Abstract: Firms that are expanding their cross-border activities, such as vertical specialization trade, outsourcing, and fragmentation productions, have brought dramatic changes to the global economy during the last two decades. In an attempt to understand the evolution of the interaction among countries or country groups, many trade-statistics-based indicators have been developed. However, most of these statistics focus on showing the direct trade-specific-relationship among countries, rather than considering the roles that intercountry and interindustrial production networks play in a global economy. This paper uses the concepts of trade in value added as measured by the input–output tables of OECD and IDE-JETRO to provide alternative indicators that show the evolution of regional economic integration and global value chains for more than 50 economies. In addition, this paper provides thoughts on how to evaluate comparative advantages on the basis of value added using an international input–output model.

Keywords: International trade; International economic integration; Industrial management; Trade in value added; Value chain; Vertical specialization; Comparative advantage (search for similar items in EconPapers)
JEL-codes: C6 F4 F53 O18 (search for similar items in EconPapers)
Date: 2012-07-01
New Economics Papers: this item is included in nep-int
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Citations: View citations in EconPapers (12)

Published in IDE Discussion Paper = IDE Discussion Paper, No. 362. 2012-07-01

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