Input-Output Calculus of International Trade

60 Pages Posted: 9 Sep 2015 Last revised: 5 Oct 2015

See all articles by Kirill Muradov

Kirill Muradov

Ministry of Industry and Trade - Centre for Information and Analysis of Foreign Trade

Date Written: June 1, 2015

Abstract

Although significant progress has been made in capturing value added flows behind gross trade statistics, there is room for improving the computational and analytical foundations of the proposed frameworks. In pursuit of such improvements, this paper proposes a generalised framework for value added accounting and a new framework for gross exports accounting. It is shown that both frameworks can be modified to account for the cumulative or incremental trade costs in the world of global value chains. The proposed formulations are exposed to numerical tests with the data from the World Input-Output Database for 2010.

Suggested Citation

Muradov, Kirill, Input-Output Calculus of International Trade (June 1, 2015). Available at SSRN: https://ssrn.com/abstract=2643098 or http://dx.doi.org/10.2139/ssrn.2643098

Kirill Muradov (Contact Author)

Ministry of Industry and Trade - Centre for Information and Analysis of Foreign Trade ( email )

No.25, bldg 1, Bolshaya Serpukhovskaya Street
Moscow, 115093
Russia

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