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The Role of Newly Industrialized Economies in Global Value Chains
Author: Dominik Boddin
Series:
IMF Working Papers
Volume/Issue:
Volume 2016: Issue 207
Language:
English
Publication Date:
17 Oct 2016
DOI:
https://doi.org/10.5089/9781475545456.001
ISBN:
9781475545456
ISSN:
1018-5941
Pages:
37
Keywords:
WP; value added; Global Value Chains; Vertical Specialization; Newly Industrialized Economies; export industry structure; export share; export vector; trade connection; export value; consumption share; Exports; Consumption; Imports; Global
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IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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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.
Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund