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Measures of Participation in Global Value Chains and Global Business Cycles / Zhi Wang, Shang-Jin Wei, Xinding Yu, Kunfu Zhu.
- Format:
- Book
- Author/Creator:
- Wang, Zhi.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w23222.
- NBER working paper series no. w23222
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2017.
- Summary:
- This paper makes two methodological contributions. First, it proposes a framework to decompose total production activities at the country, sector, or country-sector level, to different types, depending on whether they are for pure domestic demand, traditional international trade, simple GVC activities, and complex GVC activities. Second, it proposes a pair of GVC participation indices that improves upon the measures in the existing literature. We apply this decomposition framework to a Global Input-Output Database (WIOD) that cover 44 countries and 56 industries from 2000 to2014 to uncover evolving compositions of different production activities. We also show that complex GVC activities co-move with global GDP growth more strongly than other types of production activities.
- Notes:
- Print version record
- March 2017.
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