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Chemical Industry and Value-Added Trade – A Comparative Study on Hungary and Poland

Author

Listed:
  • Pawel Folfas

    (Warsaw School of Economics, Collegium of World Economy, Warsaw, Poland)

  • Beáta Udvari

    (Faculty of Economics and Business Administration, Institute of Finance and International Economic Relations, University of Szeged, Hungary)

Abstract

Nowadays, global production networks (GPN) and global value chains (GVC) play an important role in the world economy intensifying the trade and production networks and resulting in products having value-added in different countries. The analysis of how many intermediate products a country imports in order to produce a product and of how many products a country exports to another country in order to produce new products draws the attention to value-added trade. In the present study, we compare the Hungarian and Polish value-added trade of chemicals and chemical products. We use the OECD-WTO data of value-added trade, which is based on an input-output table. By calculating numerous indices, we reveal that the domestic value-added of chemicals and chemical products in the two countries was relatively low and should be increased by adequate economic policy.

Suggested Citation

  • Pawel Folfas & Beáta Udvari, 2019. "Chemical Industry and Value-Added Trade – A Comparative Study on Hungary and Poland," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 69(1), pages 81-99, March.
    • Handle: RePEc:aka:aoecon:v:69:y:2019:i:1:p:81-99
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    Citations

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    Cited by:

    1. Gáspár, Tamás & Antalóczy, Katalin & Sass, Magdolna, 2021. "A gyógyszeripari értéklánc sajátosságai Magyarországon [The characteristics of the pharmaceutical value chain in Hungary]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(6), pages 645-673.
    2. Ines Kersan-Škabić & Alen Belullo, 2021. "The Characteristics of Regional Value Chains in the Sector of Chemicals and Pharmaceutical Products in the EU," Economies, MDPI, vol. 9(4), pages 1-24, November.
    3. Katalin Antalóczy & Tamás Gáspár & Magdolna Sass, 2019. "The Specialties of the Pharmaceutical Value Chains in Hungary," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 69(supplemen), pages 41-72, December.

    More about this item

    Keywords

    chemical industry; value-added trade; Hungary; Poland;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

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