RCEP regional value chain construction and global value chain position enhancement: a measurement analysis based on regional value chains

Jinwu Gao (), Yuying Zhao () and Ruru Jia ()
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Jinwu Gao: Ocean University of China
Yuying Zhao: Ocean University of China
Ruru Jia: Hebei University

Economia e Politica Industriale: Journal of Industrial and Business Economics, 2025, vol. 52, issue 1, No 2, 27-58

Abstract: Abstract In order to study the characteristics of regional value chain (RVC) in RCEP, this paper constructs a regional value-added decomposition framework based on the specific region to measure RVC. Within the decomposition framework, we measure the value-added of the RCEP countries participating in different forms of division of production and analyze its characteristics at the regional, national, and sectoral levels. The results obtained are as follows: (i) At the overall regional level, compared to other division forms, domestic final demand and single RVC division bring higher value-added of the RCEP and show a clear “regional preference”, especially the value-added of the single RVC division shows an upward trend; (ii) At the country level, RCEP countries mainly supply their final products to the domestic market and prefer the RVC division within RCEP. China, Japan, and Korea are the core of the RCEP trade network, especially China becoming increasingly prominent at the center of the RCEP; (iii) At the sectoral level, the primary sector and low-tech sector create value-added mainly through the RVC division. The high-tech sector is the most integrated into GVC, while the services sector is the most integrated into RCEP’s RVC. In addition, the value-added of China’s high-tech sector in participating in RVC and GVC has shown an upward trend, indicating that China is gradually moving towards higher value-added stages of the RVC and GVC.

Keywords: Regional Comprehensive Economic Partnership (RCEP); Regional value chain; Global value chain; Value-added decomposition (search for similar items in EconPapers)
JEL-codes: F02 F13 F15 (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1007/s40812-024-00320-5

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