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A Portrait of Trade in Value Added over Four Decades / Robert C. Johnson, Guillermo Noguera.
- Format:
- Book
- Author/Creator:
- Johnson, Robert C.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w22974.
- NBER working paper series no. w22974
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2016.
- Summary:
- We combine data on trade, production, and input use to document changes in the value added content of trade between 1970 and 2009. The ratio of value-added to gross exports fell by roughly 10 percentage points worldwide. The ratio declined 20 percentage points in manufacturing, but rose in non-manufacturing sectors. Declines also differ across countries and trade partners: they are larger for fast growing countries, for nearby trade partners, and among partners that adopt regional trade agreements. Using a multi-sector structural gravity model with input-output linkages, we show that changes in trade frictions play a dominant role in explaining all these facts.
- Notes:
- Print version record
- December 2016.
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