International trade in value added: some suggestions for improved and new indicators

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International trade in value added: some suggestions for improved and new indicators

Degain, Christophe; Maurer, Andreas; MacFeely, Steve
Date: 2016-05
Copyright: © 2016
Copyright information: https://creativecommons.org/licenses/by/4.0/
Related: http://www.ss-pub.org/journals/jmss/vol-2/vol-2-issue-5-may-2016/
Citation: Degain, C., Maurer, A. and MacFeely, S. (2016) ‘International Trade in Value Added: Some Suggestions for Improved and New Indicator’, Journal of Mathematics and Statistical Science, 2(5), pp. 256-263.

Abstract:

Modern production methods utilize complex, international business models that result in global value chains (GVCs). The OECD/WTO database on trade in value added (TiVA) estimates these trade flows based on official statistics. Using the TiVA dataset, this paper outlines the so-called 'profiles by country' used for analytical purposes and makes some suggestions for how indicators, such as the GVC participation index; the length of GVCs might be improved.

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