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The Global Value Chain and the Competitiveness of Asian Countries

Author

Listed:
  • Kozo Kiyota

    (Keio Economic Observatory and RIETI Keio University, Tokyo)

  • Keita Oikawa

    (Financial Services Agency and RIETI The Japanese Government)

  • Katsuhiro Yoshioka

    (Shoko Chukin Bank, Ltd., Tokyo)

Abstract

This paper examines the competitiveness of industries in six Asian countries—China, India, Indonesia, Japan, South Korea, and Taiwan—using the World Input–Output Database tables from 1995 to 2011. Competitiveness is measured by the value-added that industries contribute to the production of final goods, which we refer to as global value chain (GVC) income, rather than by gross exports. We find that, unlike EU countries, Asian countries have generally been able to combine increasing GVC job opportunities with a rise in real income. The GVC income in Asian countries presents a different picture to that in European countries.

Suggested Citation

  • Kozo Kiyota & Keita Oikawa & Katsuhiro Yoshioka, 2017. "The Global Value Chain and the Competitiveness of Asian Countries," Asian Economic Papers, MIT Press, vol. 16(3), pages 257-281, Fall.
    • Handle: RePEc:tpr:asiaec:v:16:y:2017:i:3:p:257-281
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    2. Helble, Matthias, 2018. "Shifting Towards a Consumer-Centered Economy and the Implications for International Trade," ADBI Working Papers 812, Asian Development Bank Institute.
    3. Roman Stöllinger, 2017. "Global Value Chains and Structural Upgrading," wiiw Working Papers 138, The Vienna Institute for International Economic Studies, wiiw.
    4. Lee, Chia-Ling & Wang, Wen-Ying, 2020. "Strategy, accountants’ activities and new product development performance," Advances in accounting, Elsevier, vol. 50(C).
    5. Hyelin Choi & Hyo Sang Kim, 2020. "Exchange Rates and Firm Exports: The Role of Foreign Ownership and Foreign Subsidiaries," Asian Economic Papers, MIT Press, vol. 19(2), pages 103-118, Summer.
    6. Matthias Helble, 2018. "Toward a Consumer-Centered Economy and Its Implications for International Trade and Asia's Development," Asian Economic Papers, MIT Press, vol. 17(3), pages 56-74, Fall.
    7. Josep LLADÓS‐MASLLORENS & Antoni MESEGUER‐ARTOLA & Jordi VILASECA‐REQUENA, 2021. "Upskilling and distributional changes in the electronics global value chain," International Labour Review, International Labour Organization, vol. 160(1), pages 113-142, March.

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    JEL classification:

    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • F50 - International Economics - - International Relations, National Security, and International Political Economy - - - General
    • F65 - International Economics - - Economic Impacts of Globalization - - - Finance
    • G00 - Financial Economics - - General - - - General

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