IDEAS home Printed from https://ideas.repec.org/a/spr/epolin/v52y2025i1d10.1007_s40812-024-00320-5.html
   My bibliography  Save this article

RCEP regional value chain construction and global value chain position enhancement: a measurement analysis based on regional value chains

Author

Listed:
  • Jinwu Gao

    (Ocean University of China
    Ocean University of China)

  • Yuying Zhao

    (Ocean University of China)

  • Ruru Jia

    (Hebei University)

Abstract

In order to study the characteristics of regional value chain (RVC) in RCEP, this paper constructs a regional value-added decomposition framework based on the specific region to measure RVC. Within the decomposition framework, we measure the value-added of the RCEP countries participating in different forms of division of production and analyze its characteristics at the regional, national, and sectoral levels. The results obtained are as follows: (i) At the overall regional level, compared to other division forms, domestic final demand and single RVC division bring higher value-added of the RCEP and show a clear “regional preference”, especially the value-added of the single RVC division shows an upward trend; (ii) At the country level, RCEP countries mainly supply their final products to the domestic market and prefer the RVC division within RCEP. China, Japan, and Korea are the core of the RCEP trade network, especially China becoming increasingly prominent at the center of the RCEP; (iii) At the sectoral level, the primary sector and low-tech sector create value-added mainly through the RVC division. The high-tech sector is the most integrated into GVC, while the services sector is the most integrated into RCEP’s RVC. In addition, the value-added of China’s high-tech sector in participating in RVC and GVC has shown an upward trend, indicating that China is gradually moving towards higher value-added stages of the RVC and GVC.

Suggested Citation

  • Jinwu Gao & Yuying Zhao & Ruru Jia, 2025. "RCEP regional value chain construction and global value chain position enhancement: a measurement analysis based on regional value chains," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 52(1), pages 27-58, March.
    • Handle: RePEc:spr:epolin:v:52:y:2025:i:1:d:10.1007_s40812-024-00320-5
    DOI: 10.1007/s40812-024-00320-5
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s40812-024-00320-5
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s40812-024-00320-5?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 search for a different version of it.

    References listed on IDEAS

    as
    1. Laura Alfaro & Pol Antràs & Davin Chor & Paola Conconi, 2019. "Internalizing Global Value Chains: A Firm-Level Analysis," Journal of Political Economy, University of Chicago Press, vol. 127(2), pages 508-559.
    2. Robert Koopman & Zhi Wang & Shang-Jin Wei, 2014. "Tracing Value-Added and Double Counting in Gross Exports," American Economic Review, American Economic Association, vol. 104(2), pages 459-494, February.
    3. Peter Drysdale & Shiro Armstrong, 2021. "RCEP: a strategic opportunity for multilateralism," China Economic Journal, Taylor & Francis Journals, vol. 14(2), pages 128-143, May.
    4. Pol Antras & Davin Chor & Thibault Fally & Russell Hillberry, 2012. "Measuring the Upstreamness of Production and Trade Flows," American Economic Review, American Economic Association, vol. 102(3), pages 412-416, May.
    5. Haiwei Jiang & Miaojie Yu, 2021. "Understanding RCEP and CPTPP: from the perspective China’s dual circulation economic strategy," China Economic Journal, Taylor & Francis Journals, vol. 14(2), pages 144-161, May.
    6. Gideon Ndubuisi & Solomon Owusu, 2021. "How important is GVC participation to export upgrading?," The World Economy, Wiley Blackwell, vol. 44(10), pages 2887-2908, October.
    7. Zhi Wang & Shang-Jin Wei & Xinding Yu & Kunfu Zhu, 2017. "Characterizing Global Value Chains: Production Length and Upstreamness," NBER Working Papers 23261, National Bureau of Economic Research, Inc.
    8. Hummels, David & Ishii, Jun & Yi, Kei-Mu, 2001. "The nature and growth of vertical specialization in world trade," Journal of International Economics, Elsevier, vol. 54(1), pages 75-96, June.
    9. Johnson, Robert C. & Noguera, Guillermo, 2012. "Accounting for intermediates: Production sharing and trade in value added," Journal of International Economics, Elsevier, vol. 86(2), pages 224-236.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Meng, Bo & Ye, Ming, 2022. "Smile curves in global value chains: Foreign- vs. domestic-owned firms; the U.S. vs. China," Structural Change and Economic Dynamics, Elsevier, vol. 60(C), pages 15-29.
    2. Kim, Dongin & Steinbach, Sandro & Zurita, Carlos, 2024. "Deep trade agreements and agri-food global value chain integration," Food Policy, Elsevier, vol. 127(C).
    3. Nenci, Silvia & Fusacchia, Ilaria & Giunta, Anna & Montalbano, Pierluigi & Pietrobelli, Carlo, 2022. "Mapping global value chain participation and positioning in agriculture and food: stylised facts, empirical evidence and critical issues," Bio-based and Applied Economics Journal, Italian Association of Agricultural and Applied Economics (AIEAA), vol. 11(2), July.
    4. Chor, Davin & Manova, Kalina & Yu, Zhihong, 2021. "Growing like China: Firm performance and global production line position," Journal of International Economics, Elsevier, vol. 130(C).
    5. Pol Antràs & Alonso de Gortari, 2020. "On the Geography of Global Value Chains," Econometrica, Econometric Society, vol. 88(4), pages 1553-1598, July.
    6. Kossi Messanh Agbekponou & Ilaria Fusacchia, 2024. "Positioning and bargaining power in agri-food global value chains," Post-Print hal-04666067, HAL.
    7. Kossi Messanh Agbekponou & Angela Cheptea & Karine Latouche, 2023. "Quality upgrading and position in global value chains: Firm-level evidence from the French agri-food industry," Post-Print hal-04321480, HAL.
    8. Bo Meng & Ming Ye & Shang‐Jin Wei, 2020. "Measuring Smile Curves in Global Value Chains," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 82(5), pages 988-1016, October.
    9. Gabriele di Filippo, 2018. "What place does Luxembourg hold in global value chains?," BCL working papers 120, Central Bank of Luxembourg.
    10. Kossi Messanh Agbekponou & Ilaria Fusacchia, 2024. "Positioning and bargaining power in agri-food global value chains," Post-Print hal-04666053, HAL.
    11. Kossi Messanh Agbekponou & Ilaria Fusacchia, 2023. "Global value chains' position and value capture: Firm evidence in agri-food industry," Post-Print hal-04321670, HAL.
    12. Agbekponou, Kossi-Messanh & Cheptea, Angela & Latouche, Karine, 2022. "Quality upgrading and position in global value chains," 2022: Transforming Global Value Chains, December 11-13, Clearwater Beach, FL 339411, International Agricultural Trade Research Consortium.
    13. M Mancini & P Montalbano & S Nenci & D Vurchio, 2024. "Positioning in Global Value Chains: World Map and Indicators, a New Dataset Available for GVC Analyses," The World Bank Economic Review, World Bank, vol. 38(4), pages 669-690.
    14. Zhong, Zhangqi & Guo, Zhifang & Zhang, Jianwu, 2021. "Does the participation in global value chains promote interregional carbon emissions transferring via trade? Evidence from 39 major economies," Technological Forecasting and Social Change, Elsevier, vol. 169(C).
    15. Carlo Altomonte & Laura Bonacorsi & Italo Colantobe, 2018. "Trade and Growth in the Age of Global Value Chains," BAFFI CAREFIN Working Papers 1897, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    16. Biswajit Banerjee & Juraj Zeman, 2022. "Determinants of global value chain participation: cross-country analysis," Indian Economic Review, Springer, vol. 57(1), pages 59-95, June.
    17. Hongwei Zhou & Yawen Kong & Shuguang Liu & Shan Feng, 2022. "Can Global Value Chains Embedment Reduce Carbon Emissions Embodied in Exports?—Empirical Test Based on the Manufacturing Industries," IJERPH, MDPI, vol. 19(24), pages 1-20, December.
    18. Kossi Messanh Agbekponou & Ilaria Fusacchia, 2023. "Global value chains' position and value capture: Firm evidence in agri-food industry," Post-Print hal-04321612, HAL.
    19. Pol Antràs & Davin Chor, 2021. "Global Value Chains," NBER Working Papers 28549, National Bureau of Economic Research, Inc.
    20. He, Yaxing & Huo, Weidong & Yu, Jie, 2023. "Tracing the regional dual value chains: Measurement on the production position and evidence from China," Journal of Asian Economics, Elsevier, vol. 85(C).

    More about this item

    Keywords

    Regional Comprehensive Economic Partnership (RCEP); Regional value chain; Global value chain; Value-added decomposition;
    All these keywords.

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration

    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:spr:epolin:v:52:y:2025:i:1:d:10.1007_s40812-024-00320-5. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    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.