Are global value chains receding? The jury is still out. Key findings from the analysis of deflated world trade in parts and components

Guillaume Gaulier, Aude Sztulman and Deniz Ünal
Additional contact information
Aude Sztulman: DIAL - Développement, institutions et analyses de long terme, LEDa - Laboratoire d'Economie de Dauphine - IRD - Institut de Recherche pour le Développement - Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres - CNRS - Centre National de la Recherche Scientifique

Post-Print from HAL

Abstract: The weakening of global value chain dynamics is considered as one of the causes of the slowdown in world trade since the 2008 crisis. To better understand the evolution of GVCs at the world level, we use very detailed trade data for 2000 to 2017, which distinguishes different production stages along the GVC. In particular, among intermediate goods, we focus on Parts and Components (P&C) rather than semi-finished products since the manufacture of P&C corresponds to activities more embedded in GVCs. We control for price effects using an original production stages deflator based on detailed bilateral trade unit-values, and take into account the evolution of the global business cycle. We show that the development of international value chains, measured as the share of trade in P&C in manufacturing world trade in volume, continued after the crisis. Moreover, such dynamics are not the result of sectoral composition effects.

Keywords: Global value chains; Parts and components; Trade in volume; Electronics (search for similar items in EconPapers)
Date: 2020-05
References: Add references at CitEc
Citations: View citations in EconPapers (10)

Published in International Economics, 2020, 161, ⟨10.1016/j.inteco.2019.12.002⟩

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: Are global value chains receding? The jury is still out. Key findings from the analysis of deflated world trade in parts and components (2020)
Working Paper: Are global value chains receding? The jury is still out. Key findings from the analysis of deflated world trade in parts and components (2019)
Working Paper: Are global value chains receding? The jury is still out. Key findings from the analysis of deflated world trade in parts and components (2019)
Working Paper: Are global value chains receding? The jury is still out. Key findings from the analysis of deflated world trade in parts and components (2019)
Working Paper: Are global value chains receding? The jury is still out. Key findings from the analysis of deflated world trade in parts and components (2019)
Working Paper: Are global value chains receding? The jury is still out. Key findings from the analysis of deflated world trade in parts and components (2019)
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:hal:journl:hal-02895279

DOI: 10.1016/j.inteco.2019.12.002

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().