Trade in Value Added: An East Asian Perspective
Satoshi Inomata
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Satoshi Inomata: Asian Development Bank Institute
No 451, ADBI Working Papers from Asian Development Bank Institute
Abstract:
This paper aims to provide a non-technical explanation of the concept of trade in value added, with particular reference to East Asia. The trade in value added approach allows us to redefine the relationship between countries of origin and destination in international trade, and thereby addresses an important issue of measuring international trade in the face of growing production sharing among different countries. In contrast to the orthodox concept of trade balances based on foreign trade statistics, it focuses on the value added contents of a traded product, and considers each country’s contribution to the value added generation in a production process.
Keywords: trade in value-added; input-output tables; factory asia; foreign trade statistics (search for similar items in EconPapers)
JEL-codes: C67 F14 F15 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2013-12-11
New Economics Papers: this item is included in nep-int and nep-sea
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Citations: View citations in EconPapers (7)
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