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
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)
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Journal Article: Global Value Chains: A View from the Euro Area (2015)
Working Paper: Global Value Chains: A View From the Euro Area (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbwps:20151761
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