The Role of Newly Industrialized Economies in Global Value Chains

October 17, 2016

Preview Citation

Format: Chicago

Dominik Boddin. The Role of Newly Industrialized Economies in Global Value Chains, (USA: International Monetary Fund, 2016) accessed November 21, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

In light of increased vertical specialization and the dominance of trade in intermediates rather than final goods, this paper seeks to raise awareness of the limitations of traditional trade measures on a gross output basis. To do so, this paper uses the WIOD, a world input output table, as an alternative trade measure to analyze the role of six newly industrialized economies in global value chains. The differences between measures on a gross output basis and value added basis are striking. Export shares measured by both methods differed by more than 20 percent for some industries. These findings highlight the need for more sophisticated world input output data to form a better understanding of global trade dynamics and country interdependencies.

Subject: Consumption, Exports, Global value chains, Globalization, Imports, International trade, National accounts

Keywords: Consumption, Consumption share, Export industry structure, Export share, Export value, Export vector, Exports, Global, Global Value Chains, Imports, Newly Industrialized Economies, Trade connection, Value added, Vertical Specialization, WP

Publication Details

Pages:

37
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2016/207
Stock No:

WPIEA2016207
ISBN:

9781475545456
ISSN:

1018-5941

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