Implications of measuring value added in exports with a regional input-output table. A case of study in South America

Santacruz Banacloche Sánchez, María Ángeles Cadarso and Fabio Monsalve

Structural Change and Economic Dynamics, 2020, vol. 52, issue C, 130-140

Abstract: Global value chains (GVC) describe the functioning of international trade today. A widely used way to measure GVC is the input-output analysis. However, many developing countries are not covered in the main multi-regional input-output (MRIO) databases, hindering the measurement of GVC in regions like South America. The purpose of this paper is to analyse the role of South America in GVC using a novel regional input-output table (RIOT). To this end, a novel adaptation of Koopman, Wang and Wei gross exports decomposition scheme, suitable for any RIOT, is created. The implications of using a RIOT are assessed. Besides, the results are complemented with those obtained using a MRIO table. It is confirmed the low insertion of South America in GVC and its upstream position as a provider of intermediate goods and services. Imported content in South American exports comes mostly from outside the region and only Uruguay is vertically integrated.

Keywords: Input-output tables; Global value chains; Vertical specialization; International trade (search for similar items in EconPapers)
JEL-codes: F14 F15 L14 L16 L23 O14 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0954349X19300347
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:streco:v:52:y:2020:i:c:p:130-140

DOI: 10.1016/j.strueco.2019.08.003

Access Statistics for this article

Structural Change and Economic Dynamics is currently edited by F. Duchin, H. Hagemann, M. Landesmann, R. Scazzieri, A. Steenge and B. Verspagen

More articles in Structural Change and Economic Dynamics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().