Estonia in Global Value Chains

Jyrki Ali-Yrkkö, Juri Mattila and Timo Seppälä

No 69, ETLA Reports from The Research Institute of the Finnish Economy

Abstract: Abstract In this study, we analyse Estonia’s position in global value chains using World Input-Output Data and firm-level data. We find that 69% of Estonia’s total exports are intermediate goods and services, exceeding the EU average (65%). Two-thirds of Estonian imports are intermediates. Our findings suggest that Estonia is heavily involved in vertically and geographically fragmented production even though its most significant trading partners are its neighbouring countries. We also analyse the value chains of two significant companies operating in the Estonian economy along with their GDP contributions. According to our findings, the GDP contributions generated by the exports of these two companies vary significantly from one another. The euros generated from exports do not contribute equally to the national economy.

Keywords: Global value chains; GVC; GDP; Exports; Gross domestic product; Value added; Estonia; Granular (search for similar items in EconPapers)
JEL-codes: D22 F14 F6 F62 F68 L2 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2017-01-11
New Economics Papers: this item is included in nep-cis, nep-eur, nep-geo, nep-int and nep-tra
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