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Global value chains: a view from the euro area

Author

Listed:
  • Amador, João
  • Stehrer, Robert
  • Cappariello, Rita

Abstract

This paper describes the main features of Global Value Chains (GVCs) in the euro area taken as a whole and compares with other large trade players like the US, China and Japan. In addition, the perspective of individual euro area countries is considered, with a focus on intra euro area linkages. The analysis relies primarily on the concept of foreign value added in exports, as a way to assess the pervasiveness of GVCs, it covers the period 2000-2011 and bases on the World Input-Output Database (WIOD). The paper finds that GVCs are important for the euro area as whole and they have rebounded after the great trade collapse. Moreover, there is a strong relevance of regional production linkages in Europe, with Germany playing a key role. JEL Classification: F1, F14, F15

Suggested Citation

  • Amador, João & Stehrer, Robert & Cappariello, Rita, 2015. "Global value chains: a view from the euro area," Working Paper Series 1761, European Central Bank.
  • Handle: RePEc:ecb:ecbwps:20151761
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    References listed on IDEAS

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    More about this item

    Keywords

    euro area; global value chains; international trade;
    All these keywords.

    JEL classification:

    • F1 - International Economics - - Trade
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration

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