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Accounting Relations in Bilateral Value Added Trade

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  • Robert Stehrer

    () (The Vienna Institute for International Economic Studies, wiiw)

Abstract

Abstract The increasing international fragmentation of production has triggered the development of a number of widely used indicators accounting for value added flows in the world economy. This paper generalises these measures by simultaneously considering the import side and focusing on bilateral gross and value added trade flows. It discusses how these indicators relate to each other, the role of double counting in bilateral value added trade, and aggregation issues in global value added flows. Using the World Input-Output Database (WIOD) selected results on bilateral value added trade for the EU 27 countries, the United States and China over the period 1995-2011 are presented.

Suggested Citation

  • Robert Stehrer, 2013. "Accounting Relations in Bilateral Value Added Trade," wiiw Working Papers 101, The Vienna Institute for International Economic Studies, wiiw.
  • Handle: RePEc:wii:wpaper:101
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Cezar, R., 2016. "L’insertion commerciale de la France mesurée en valeur ajoutée," Bulletin de la Banque de France, Banque de France, issue 205, pages 25-37.
    2. Humbertclaude, S. & Monteil, F., 2017. "Le patrimoine économique national en 2015 : un modeste rebond," Bulletin de la Banque de France, Banque de France, issue 209, pages 5-14.
    3. C. Mazet-Sonilhac & J.-S. Mésonnier, 2016. "The cost of equity for large non-financial companies in the euro area: an estimation over the last decade," Quarterly selection of articles - Bulletin de la Banque de France, Banque de France, issue 44, pages 28-39, Winter.
    4. Foster-McGregor, Neil & Stehrer, Robert, 2013. "Value added content of trade: A comprehensive approach," Economics Letters, Elsevier, vol. 120(2), pages 354-357.
    5. A. Boileau & L. Carlino & A. S. Lafon, 2016. "In the first half of 2016, the main French groups increased their profitability," Quarterly selection of articles - Bulletin de la Banque de France, Banque de France, issue 44, pages 40-51, Winter.
    6. repec:oup:erevae:v:44:y:2017:i:4:p:592-633. is not listed on IDEAS
    7. R. Cezar, 2016. "France’s pharmaceutical industry in global value chains," Quarterly selection of articles - Bulletin de la Banque de France, Banque de France, issue 44, pages 52-63, Winter.
    8. Kuboniwa, Masaaki, 2014. "Bilateral Equivalence between Trade in Value Added and Value Added Content of Trade," Discussion Paper Series 601, Institute of Economic Research, Hitotsubashi University.
    9. E. Buttin, 2016. "Green bonds: a solution for financing the energy transition or a simple buzzword?," Quarterly selection of articles - Bulletin de la Banque de France, Banque de France, issue 44, pages 20-27, Winter.
    10. Laura Dell'Agostino, 2017. "Italy’S Participation In International Supply And Production Networks Using Value Added Trade Data," Departmental Working Papers of Economics - University 'Roma Tre' 0228, Department of Economics - University Roma Tre.
    11. B. Cabrillac & L. Gauvin & J.-L. Gossé, 2016. "GDP-indexed bonds: what are the benefits for issuing countries, investors and international financial stability?," Quarterly selection of articles - Bulletin de la Banque de France, Banque de France, issue 44, pages 6-19, Winter.
    12. Boileau, A. & Chavy-Martin, A.-C., 2017. "Les délais de paiement sont stables en 2015," Bulletin de la Banque de France, Banque de France, issue 209, pages 25-38.
    13. Pierluigi Montalbano & Silvia Nenci & Carlo Pietrobelli, 2014. "International Linkages, Value Added Trade and LAC Firms' Productivity," Departmental Working Papers of Economics - University 'Roma Tre' 0198, Department of Economics - University Roma Tre.
    14. Rougès, D. & Strauss-Kahn, M.-O., 2017. "Sondage 2016 sur les Français et l’économie : comportements, préoccupations et attentes," Bulletin de la Banque de France, Banque de France, issue 209, pages 15-23.
    15. Bureau, B. & Bürker, M. & Libert, T., 2017. "La situation des entreprises en France en 2015," Bulletin de la Banque de France, Banque de France, issue 209, pages 39-55.
    16. João Amador & Rita Cappariello & Robert Stehrer, 2015. "Global Value Chains: A View from the Euro Area," Asian Economic Journal, East Asian Economic Association, vol. 29(2), pages 99-120, June.
    17. Humbertclaude, S. & Monteil, F., 2017. "Le patrimoine économique national en 2015 : un modeste rebond," Bulletin de la Banque de France, Banque de France, issue 209, pages 5-14.
    18. Cezar, R., 2017. "L’industrie pharmaceutique française dans les chaînes de valeur mondiales," Bulletin de la Banque de France, Banque de France, issue 209, pages 57-69.
    19. Doris Hanzl-Weiss & Robert Stehrer, 2014. "Cars “Made in Europe”," Croatian Economic Survey, The Institute of Economics, Zagreb, vol. 16(1), pages 49-74, April.
    20. Cezar, R., 2017. "La situation des entreprises en France en 2015," Bulletin de la Banque de France, Banque de France, issue 209, pages 57-69.
    21. Roman Stöllinger, 2017. "Global Value Chains and Structural Upgrading," wiiw Working Papers 138, The Vienna Institute for International Economic Studies, wiiw.
    22. Balazs Vedres & Carl Nordlund, 2017. "Dis-embedded Openness: Inequalities in European Economic Integration at the Sectoral Level," Papers 1711.02626, arXiv.org.
    23. Bureau, B. & Bürker, M. & Libert, T., 2017. "La situation des entreprises en France en 2015," Bulletin de la Banque de France, Banque de France, issue 209, pages 39-55.
    24. Rougès, D. & Strauss-Kahn, M.-O., 2017. "Sondage 2016 sur les Français et l’économie : comportements, préoccupations et attentes," Bulletin de la Banque de France, Banque de France, issue 209, pages 15-23.
    25. Boileau, A. & Chavy-Martin, A.-C., 2017. "Les délais de paiement sont stables en 2015," Bulletin de la Banque de France, Banque de France, issue 209, pages 25-38.

    More about this item

    Keywords

    production fragmentation; value added trade; vertical specialisation; bilateral trade;

    JEL classification:

    • F1 - International Economics - - Trade
    • F15 - International Economics - - Trade - - - Economic Integration
    • F19 - International Economics - - Trade - - - Other

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