Global Value Chains in Electronics: Regional Post-2008 Crisis Regional Changes

Olga Alexandrovna Klochko () and Anastasia Sergeevna Tsareva ()
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Olga Alexandrovna Klochko: National Research University Higher School of Economics
Anastasia Sergeevna Tsareva: National Research University Higher School of Economics

Spatial Economics=Prostranstvennaya Ekonomika, 2020, issue 3, 52-75

Abstract: The objective of the research is to identify the specifics of the global value chains (GVCs) in the world electronics industry after the 2008 global financial crisis. The paper analyses key indicators of GVC participation of the largest electronics exporters in three regions (Europe, North America, and Asia). The analysis is based on TiVA 2018. Major GVC tendencies after the 2008 global financial crisis are revealed. The key tendencies are strengthening the regional character of the exports in overall as well as origins of foreign value added in exports. After 2008 a decrease in mean annual export growth rates is seen. The countries increased the share of domestic value added content of gross exports before the crisis, while after the crisis they increased the domestic value added becoming accordingly less dependent on foreign exports. In most states the upward export participation index declined after the crisis. This trend indicates a post-crisis GVC reduction and the increased orientation of states to value added exports that are consumed by the target markets or higher added value components used by foreign states in their respective domestic finished products. The general tendencies for states in GVC electronics does not exclude customized approaches and specifics of their incorporation in value chains but the analysis leads to the conclusion that countries in the same region show similar patterns of GVC participation. The Asian region plays a key role in the post-crisis transformation of the value chains

Keywords: global value chains; electronics industry; export; international trade (search for similar items in EconPapers)
JEL-codes: F13 F60 L63 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:far:spaeco:y:2020:i:3:p:52-75

DOI: 10.14530/se.2020.3.052-075

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