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Valor Agregado Doméstico y Contenido Importado de las Exportaciones: Evidencia de las Matrices Insumo-Producto de Chile 2008-2012

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  • Sebastián Rébora
  • Diego Vivanco

Abstract

It is commonly stated that foreign trade represents 60% to 70% of the Chilean economy, a claim that is based on adding exports and imports and dividing by GDP. However, according to the international evidence, with globalization and the development of global value chains, exports are increasingly composed of imported inputs giving a misleading view of foreign trade size and its effects on economic growth. This paper provides recent empirical evidence on the evolution of domestic value-added and import content of Chilean exports by using an input-output framework in order to identify the direct and indirect effects of industries. For the period 2008-2012 domestic value-added accounted on average 31% of nominal GDP while the import content of export reached 9% of GDP and 23% of gross exports for the same period. At industry level, “Copper mining”, “Business services” and “Transport” are the activities that contribute most to the total value-added of exports. On the other hand, “Copper mining”, “Transport” and “Fuel” are the industries that contribute more to the import content of exports

Suggested Citation

  • Sebastián Rébora & Diego Vivanco, 2016. "Valor Agregado Doméstico y Contenido Importado de las Exportaciones: Evidencia de las Matrices Insumo-Producto de Chile 2008-2012," Economic Statistics Series 115, Central Bank of Chile.
    • Handle: RePEc:chb:bcchee:115
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    1. Claudia Henríquez G. & José Venegas M., 2007. "Contenido de Importaciones en las Exportaciones Chilenas 1986-2005: Análisis de Insumo Producto," Economic Statistics Series 58, Central Bank of Chile.
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