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Obchod s pridanou hodnotou medzi Čínou a USA
[Trade in Value Added Between the USA and China]

Author

Listed:
  • Dominik Kohut
  • Martina Jiránková

Abstract

The main topic of this article is the bilateral trade in value added between the USA and China. The goal is to look at this bilateral trade in the context of "the new wave of globalization". To fulfill this broadly specified goal the article tries to answer following questions: How much are the USA and China involved in global value chains (GVC)? What is the development of the classical bilateral trade using the balance of payments methodology? Where does the value added in exports come from (geographical structure)? Are there any differences between different industry sectors? One of the main findings is that domestic value added in trade between these two countries is relatively high (US almost 90%, China more than 80%). There was also a trend of stagnation in the United States and a volatility across most of the indicators in the case of China.

Suggested Citation

  • Dominik Kohut & Martina Jiránková, 2023. "Obchod s pridanou hodnotou medzi Čínou a USA [Trade in Value Added Between the USA and China]," Politická ekonomie, Prague University of Economics and Business, vol. 2023(1), pages 1-22.
    • Handle: RePEc:prg:jnlpol:v:2023:y:2023:i:1:id:1379:p:1-22
    DOI: 10.18267/j.polek.1379
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    References listed on IDEAS

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    1. Baldwin, Richard & Venables, Anthony J., 2013. "Spiders and snakes: Offshoring and agglomeration in the global economy," Journal of International Economics, Elsevier, vol. 90(2), pages 245-254.
    2. 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.
    3. C. Duprez & L. Dresse, 2013. "The Belgian economy in global value chains. An exploratory analysis," Economic Review, National Bank of Belgium, issue ii, pages 07-21, September.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Value added; USA; China; trade in value added; value chains; GVC;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F60 - International Economics - - Economic Impacts of Globalization - - - General
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development

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