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Global value chains: a view from the euro area

João Amador (), Robert Stehrer and Rita Cappariello ()

No 1761, Working Paper Series from European Central Bank

Abstract: This paper describes the main features of Global Value Chains (GVCs) in the euro area taken as a whole and compares with other large trade players like the US, China and Japan. In addition, the perspective of individual euro area countries is considered, with a focus on intra euro area linkages. The analysis relies primarily on the concept of foreign value added in exports, as a way to assess the pervasiveness of GVCs, it covers the period 2000-2011 and bases on the World Input-Output Database (WIOD). The paper finds that GVCs are important for the euro area as whole and they have rebounded after the great trade collapse. Moreover, there is a strong relevance of regional production linkages in Europe, with Germany playing a key role. JEL Classification: F1, F14, F15

Keywords: euro area; global value chains; international trade (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eec and nep-int
Date: 2015-03
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Related works:
Journal Article: Global Value Chains: A View from the Euro Area (2015) Downloads
Working Paper: Global Value Chains: A View From the Euro Area (2014) Downloads
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