IDEAS home Printed from https://ideas.repec.org/a/eee/inecon/v161y2026ics0022199626000541.html

Have global value chains shifted?

Author

Listed:
  • Shen, Binchao

Abstract

Building on a unified accounting framework for value-added trade, this paper introduces a method for quantifying the paths in global value chains (GVCs) using inter-country input–output tables, which evaluates the indirect linkages between two countries through a third-party intermediary. The GVC path index identifies the “hub-and-spoke” structure within GVC networks and refines the concept of GVC exposure. We apply this index to detect recent shifts in global value chains following the U.S.-China trade war. Our analysis reveals a notable rise in the GVC path from China to Mexico and Vietnam, and subsequently to the U.S. We provide a theoretical justification for the trade rerouting phenomenon and quantify the impact of the U.S.-China trade war on the GVC shifts with a general equilibrium model. Additionally, the GVC paths through which major exporters supply the U.S. market have been redirected away from China subsequent to the trade war.

Suggested Citation

  • Shen, Binchao, 2026. "Have global value chains shifted?," Journal of International Economics, Elsevier, vol. 161(C).
    • Handle: RePEc:eee:inecon:v:161:y:2026:i:c:s0022199626000541
    DOI: 10.1016/j.jinteco.2026.104264
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0022199626000541
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.jinteco.2026.104264?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F17 - International Economics - - Trade - - - Trade Forecasting and Simulation
    • E16 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Social Accounting Matrix
    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:inecon:v:161:y:2026:i:c:s0022199626000541. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/505552 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.