Measuring global value chains
Timothy J. Sturgeon
Chapter 3 in Handbook on Global Value Chains, 2019, pp 77-90 from Edward Elgar Publishing
As the geographic fragmentation of industries has increased and cross-border coordination has improved, efforts to develop better measures and indicators of global value chains (GVC) have intensified. Producers of official and semi-official statistics and private market research information have gradually improved data resources available for GVC research, but the process is slow, piecemeal and incomplete. At the same time, demand for timely, policy-relevant GVC research is rising. This chapter describes several improvements in the data resources available for measuring GVCs that have arisen response to these new demands. Most prominent are international inputâ€“output tables such as the joint OECDâ€“WTO Trade-in-Value-Added indicators, but several other GVC-relevant product groupings are being added to official statistics that will allow researchers to more easily retrieve comparable statistics on the outsourcing and offshoring practices of enterprises (business functions), trade in (ICT-enabled) services, and trade in intermediate goods and services that are likely to flow in more complex GVCs (specified intermediates). Finally, the chapter describes some key data resources available from private sources, and underscores the enduring value of qualitative field research and deep description of GVCs.
Keywords: Business and Management; Development Studies; Economics and Finance; Geography (search for similar items in EconPapers)
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