Global Value Chains: A Survey of Drivers and Measures

24 Pages Posted: 3 Mar 2016

Date Written: April 2016

Abstract

Global value chains (GVCs) emerged as the paradigm for the international organization of production. For most goods and services production is nowadays vertically fragmented across different countries and this reality gave rise to a significant new strand of research in international trade. This article starts by discussing the major driving forces of GVCs in recent decades. Next, it surveys the main measures of GVCs, accounting for their different scopes and required data sets. The article highlights the timing of the contributions to the literature, signalling their sequential nature and the trend toward more accurate and data‐demanding indicators.

Keywords: Fragmentation, Global value chains, Globalization, International trade, Offshoring, Survey

Suggested Citation

Amador, João and Cabral, Sonia, Global Value Chains: A Survey of Drivers and Measures (April 2016). Journal of Economic Surveys, Vol. 30, Issue 2, pp. 278-301, 2016, Available at SSRN: https://ssrn.com/abstract=2741372 or http://dx.doi.org/10.1111/joes.12097

João Amador (Contact Author)

Bank of Portugal ( email )

Rua Francisco Ribeiro, 2
Lisbon, 1150-165
Portugal

Sonia Cabral

Banco de Portugal ( email )

Rua Francisco Ribeiro, 2
Lisbon, 1150-165
Portugal

HOME PAGE: http://www.bportugal.pt

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