The Role of Newly Industrialized Economies in Global Value Chains

38 Pages Posted: 9 Dec 2016

See all articles by Dominik Boddin

Dominik Boddin

Deutsche Bundesbank - Deutsche Bundesbank Research Data and Service Centre

Date Written: October 2016

Abstract

In light of increased vertical specialization and the dominance of trade in intermediates rather than final goods, this paper seeks to raise awareness of the limitations of traditional trade measures on a gross output basis. To do so, this paper uses the WIOD, a world input output table, as an alternative trade measure to analyze the role of six newly industrialized economies in global value chains. The differences between measures on a gross output basis and value added basis are striking. Export shares measured by both methods differed by more than 20 percent for some industries. These findings highlight the need for more sophisticated world input output data to form a better understanding of global trade dynamics and country interdependencies.

Keywords: Newly industrializing economies, International trade, Industrialization, Economic data and statistics, Data analysis, Global Value Chains, Vertical Specialization, Newly Industrialized Economies

JEL Classification: F14, F15, F63

Suggested Citation

Boddin, Dominik, The Role of Newly Industrialized Economies in Global Value Chains (October 2016). Available at SSRN: https://ssrn.com/abstract=2882642 or http://dx.doi.org/10.2139/ssrn.2882642

Dominik Boddin (Contact Author)

Deutsche Bundesbank - Deutsche Bundesbank Research Data and Service Centre ( email )

Wilhelm-Epstein-Stra├če 14
Frankfurt am Main, 60431
Germany

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