Global value chains over business cycles

National Concentration of High‐tech Products: The Second Great Divergence?

“…In order to mitigate this problem, in this section, we further use the value-added export data to analyze the national concentration of high-tech export. We apply the methodology proposed by Wang et al (2022) to construct the country-industry level value-added export. According to the methodology proposed by Wang et al (2022), global economic activities can be classified into three categories, which are value-added in Pure Domestic Production Activities (D), Final Goods Trade (FT), and Global Value Chains, respectively.…”

Adjustments of Local Labour Markets to the COVID-19 Crisis: The Role of Digitalisation and Working-from-Home

“…Second, to account for the higher adaptability of high-skilled jobs we also include the share of college-educated workers in a region. Third, to disentangle the effects of digital capital from trade disruptions that might have affected similar regions, we include the global value chain integration of regions as defined by Wang et al (2022) into our weighting specification. 7 Fourth, since firms and industries in some regions might be more used to the procedures related to short-time work, we include the peak-short-time work rate during the Great recession in 2009 to address this issue.…”

Characterizing Regionalism in Asia: A Modern Global Supply Chain Perspective

“…During this period, as the PRC is a "world factory" for both intermediate goods as well as final goods, it has also become an ever more important source of value added for other economies' production. Source: Computed by the authors based on the methodology in Wang, Wei, Yu, and Zhu (2022).…”

“…In particular, with the increased prevalence of global value chains (GVCs) or cross-border production networks, the gap is widening between value added exported from one economy to another and the gross export volume between the two economies. Recent decomposition frameworks by Koopman, Wang, and Wei (2014); Wang, Wei, and Zhu (2013); and Wang, Wei, Yu, and Zhu (2022) have built a bridge between value-added accounting and official trade statistics. These new conceptual tools could help capture more accurately the true extent of economic interdependence (or lack thereof) among nations.…”

“…; BHU = Bhutan; BRU = Brunei Darussalam; CAM = Cambodia; CPTPP = Comprehensive and Progressive Agreement for Trans-Pacific Partnership; GVC = global value chain; HKG = Hong Kong, China; IND = India; INO = Indonesia; JPN = Japan; KAZ = Kazakhstan; KGZ = Kyrgyz Republic; LAO = Lao People's Democratic Republic; MAL = Malaysia; MLD = Maldives; MON = Mongolia; ; NEP = Nepal; PHI = Philippines; PAK = Pakistan; PRC = People's Republic of China; RCEP = Regional Comprehensive Economic Partnership; ROK = Republic of Korea; SFT = standard final goods trade; SIN = Singapore; SIT = standard intermediate goods trade; SRI = Sri Lanka; TAP = Taipei,China; THA = Thailand; VIE = Viet Nam; VFT = final goods trade.Source: Computed by the authors based on the methodology inWang, Wei, Yu, and Zhu (2022).…”