International Trade in Value Added: Some Suggestions for Improved and New Indicators
Christophe Degain, Andreas Maurer and Steve MacFeely
Abstract: Modern production methods utilize complex, international business models that result in global value chains (GVCs). The OECD/WTO database on trade in value added (TiVA) estimates these trade flows based on official statistics. Using the TiVA dataset, this paper outlines the so-called ‘profiles by country’ used for analytical purposes and makes some suggestions for how indicators, such as the GVC participation index; the length of GVCs might be improved.
Keywords: Global Value Chains, GVC Participation Index, GVC Length Index, GVC-Oriented FDI.
Pages: 256 – 263 | Full PDF Paper