Le commerce extérieur en valeur ajoutée
This paper examines the statistical consequences of the rise of vertical trade. It makes usual trade statistics misleading as a measure of the contribution of each industry and each country to the international division of labour. This paper uses input-output tables and trade tables from the GTAP database to compute trade statistics in value-added. It does that by excluding vertical trade and dispatching the value-added incorporated in other trade flows to their proper industry and country. In 2001, 28% of world trade and 29% of French trade were vertical trade. The method does not change the geography of trade much. It changes the relative involvement of different industries, as industrial trade flows incorporate important service inputs. Business services, trade, communication and transport have a more important positive contribution to the French trade balance than the usual data suggest. JEL Code: F19.
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