The Potential Impacts of COVID-19 on the Global Value Chains: GVC Positioning and Linkages
Gerald Foong () and
Pao-Li Chang ()
Additional contact information
Gerald Foong: Ministry of Trade and Industry
Pao-Li Chang: School of Economics, Singapore Management University
No 24-2020, Economics and Statistics Working Papers from Singapore Management University, School of Economics
Apart from the public health crisis entailed by the Coronavirus Disease 2019 (COVID-19) pandemic, it has also propagated a pandemic-induced economic shock globally. One transmission channel is via the inter-country linkages arising from the trade in intermediate inputs, which is a pertinent characteristic of global value chains (GVCs), and resulting in a "supply-chain contagion" as termed by Baldwin and Tomiura (2020). In this paper, we propose measures of bilteral downstreamness and upstreamness, the extent of a country's GVC participation, and the position of a country in GVCs by leveraging upon the gross export decomposition framework as laid out by Borin and Mancini (2019), which builds upon the work done by Koopman et al. (2014). By applying a regional lens to our analysis, we also identify key intermediary nodes that intermediate GVC-related ows within their region and across regions. Through this, we investigate the trade linkages of countries and discuss the potential impact of COVID-19 on GVCs.
Keywords: COVID-19; global value chain (GVC); gross export decomposition; GVC position; upstream/downstream trade partners (search for similar items in EconPapers)
JEL-codes: F14 F15 (search for similar items in EconPapers)
Pages: 100 pages
New Economics Papers: this item is included in nep-int, nep-sea and nep-tid
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
https://ink.library.smu.edu.sg/soe_research/2411/ Full text (text/plain)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ris:smuesw:2020_024
Access Statistics for this paper
More papers in Economics and Statistics Working Papers from Singapore Management University, School of Economics 90 Stamford Road, Sigapore 178903. Contact information at EDIRC.
Bibliographic data for series maintained by Cheong Pei Qi ( this e-mail address is bad, please contact ).