Measures of Participation in Global Value Chains and Global Business Cycles

Zhi Wang (), Shang-Jin Wei, Xinding Yu and Kunfu Zhu

No 23222, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper makes two methodological contributions. First, it proposes a framework to decompose total production activities at the country, sector, or country-sector level, to different types, depending on whether they are for pure domestic demand, traditional international trade, simple GVC activities, and complex GVC activities. Second, it proposes a pair of GVC participation indices that improves upon the measures in the existing literature. We apply this decomposition framework to a Global Input-Output Database (WIOD) that cover 44 countries and 56 industries from 2000 to2014 to uncover evolving compositions of different production activities. We also show that complex GVC activities co-move with global GDP growth more strongly than other types of production activities.

JEL-codes: F10 (search for similar items in EconPapers)
Date: 2017-03
New Economics Papers: this item is included in nep-ifn, nep-int and nep-tid
Note: ITI
References: Add references at CitEc
Citations: View citations in EconPapers (145)

Downloads: (external link)
http://www.nber.org/papers/w23222.pdf (application/pdf)

Related works:
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:nbr:nberwo:23222

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w23222

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().