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Global Value Chains: A View From the Euro Area

Author

Listed:
  • João Amador
  • Rita Cappariello
  • Robert Stehrer

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.

Suggested Citation

  • João Amador & Rita Cappariello & Robert Stehrer, 2014. "Global Value Chains: A View From the Euro Area," Working Papers w201412, Banco de Portugal, Economics and Research Department.
  • Handle: RePEc:ptu:wpaper:w201412
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    References listed on IDEAS

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    JEL classification:

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

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