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Global Value Chains: Surveying Drivers, Measures and Impacts

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  • João Amador
  • Sónia Cabral

Abstract

The production of most goods and services is nowadays vertically fragmented across different countries.This paper surveys the growing empirical literature on global value chains (GVCs), acknowledged as thecurrent paradigm for the international organisation of production. The paper starts by discussing the drivingforces behind the significant expansion of GVCs in recent decades. Next, it surveys the indicators used tomeasure this phenomenon, accounting for their different scope and required datasets. Finally, the impacts ofGVCs on trade flows, productivity and labour market developments, as well as some policy implications, arereviewed.

Suggested Citation

  • João Amador & Sónia Cabral, 2014. "Global Value Chains: Surveying Drivers, Measures and Impacts," Working Papers w201403, Banco de Portugal, Economics and Research Department.
  • Handle: RePEc:ptu:wpaper:w201403
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    2. Zhu, Zhen & Morrison, Greg & Puliga, Michelangelo & Chessa, Alessandro & Riccaboni, Massimo, 2018. "The similarity of global value chains: A network-based measure," Network Science, Cambridge University Press, vol. 6(4), pages 607-632, December.
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    10. Amat Adarov & Robert Stehrer, 2019. "Implications of Foreign Direct Investment, Capital Formation and its Structure for Global Value Chains," wiiw Working Papers 170, The Vienna Institute for International Economic Studies, wiiw.
    11. Accetturo, Antonio & Giunta, Anna, 2018. "Value chains and the great recession: Evidence from Italian and German firms," International Economics, Elsevier, vol. 153(C), pages 55-68.
    12. Muriel Hernández, Beatriz & Herrera Jiménez, Alejandro, 2018. "Cadenas Globales de Valor: el caso de Bolivia," Revista Latinoamericana de Desarrollo Economico, Instituto de Investigaciones Socio-Económicas (IISEC-UCB), Universidad Católica Boliviana, issue 29, pages 1-42, May.
    13. Nataša Vrh, 2017. "The convergence in domestic value-added of exports in the EU," Post-Communist Economies, Taylor & Francis Journals, vol. 29(3), pages 405-430, July.
    14. Cabrillac, Bruno & Al-Haschimi, Alexander & Babecká Kucharčuková, Oxana & Borin, Alessandro & Bussière, Matthieu & Cezar, Raphael & Derviz, Alexis & Dimitropoulou, Dimitra & Ferrara, Laurent & Gächter, 2016. "Understanding the weakness in global trade - What is the new normal?," Occasional Paper Series 178, European Central Bank.
    15. Sina Hardaker, 2020. "Embedded Enclaves? Initial Implications of Development of Special Economic Zones in Myanmar," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 32(2), pages 404-430, April.
    16. Joyez, Charlie, 2017. "On the topological structure of multinationals network," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 473(C), pages 578-588.
    17. Ruzzenenti, Franco & Basosi, Riccardo, 2017. "Modelling the rebound effect with network theory: An insight into the European freight transport sector," Energy, Elsevier, vol. 118(C), pages 272-283.
    18. Yücel Candemir, 2016. "Dördüncü Sanayi Devrimi, Küreselleşme ve Ulusal Gelir Muhasebesi," Ekonomi-tek - International Economics Journal, Turkish Economic Association, vol. 5(2), pages 1-34, May.
    19. Picciolo, Francesco & Papandreou, Andreas & Hubacek, Klaus & Ruzzenenti, Franco, 2017. "How crude oil prices shape the global division of labor," Applied Energy, Elsevier, vol. 189(C), pages 753-761.
    20. Mandal, Biswajit & Prasad, Alaka Shree & Bhattacharjee, Prasun, 2017. "A Review of Literature on Time Zone Difference and Trade," MPRA Paper 78779, University Library of Munich, Germany.
    21. Zhen Zhu & Michelangelo Puliga & Federica Cerina & Alessandro Chessa & Massimo Riccaboni, 2015. "Global Value Trees," PLOS ONE, Public Library of Science, vol. 10(5), pages 1-17, May.
    22. Jakob Engel & Deborah Winkler & Thomas Farole, 2016. "SACU in Global Value Chains," World Bank Other Operational Studies 23789, The World Bank.
    23. Mariam Camarero & Sergi Moliner & Cecilio Tamarit, 2020. "Japan's FDI drivers in a time of financial uncertainty. New evidence based on Bayesian Model," Working Papers 2007, Department of Applied Economics II, Universidad de Valencia.
    24. Camarero, Mariam & Moliner, Sergi & Tamarit, Cecilio, 2021. "Japan's FDI drivers in a time of financial uncertainty. New evidence based on Bayesian Model Averaging," Japan and the World Economy, Elsevier, vol. 57(C).
    25. Ramadhanty, Shafitri Arindya, 2020. "International Economics Midterm Assignment," OSF Preprints p4s38, Center for Open Science.

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