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Are global value chains receding? The jury is still out. Key findings from the analysis of deflated world trade in parts and components

hal.structure.identifierBanque de France
hal.structure.identifierCentre de recherche de la Banque de France
dc.contributor.authorGaulier, Guillaume
hal.structure.identifierDéveloppement, institutions et analyses de long terme [DIAL]
hal.structure.identifierLaboratoire d'Economie de Dauphine [LEDa]
dc.contributor.authorSztulman, Aude
hal.structure.identifierCentre d'Etudes Prospectives et d'Informations Internationales [CEPII]
dc.contributor.authorÜnal, Deniz
dc.date.accessioned2020-07-09T13:43:31Z
dc.date.available2020-07-09T13:43:31Z
dc.date.issued2020-05
dc.identifier.issn2110-7017
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/20939
dc.language.isoenen
dc.subjectGlobal value chainsen
dc.subjectParts and componentsen
dc.subjectTrade in volumeen
dc.subjectElectronicsen
dc.subject.ddc337en
dc.subject.classificationjelF.F1.F15en
dc.subject.classificationjelF.F1.F14en
dc.subject.classificationjelL.L6.L60en
dc.titleAre global value chains receding? The jury is still out. Key findings from the analysis of deflated world trade in parts and componentsen
dc.typeArticle accepté pour publication ou publié
dc.description.abstractenThe weakening of global value chain dynamics is considered as one of the causes of the slowdown in world trade since the 2008 crisis. To better understand the evolution of GVCs at the world level, we use very detailed trade data for 2000 to 2017, which distinguishes different production stages along the GVC. In particular, among intermediate goods, we focus on Parts and Components (P&C) rather than semi-finished products since the manufacture of P&C corresponds to activities more embedded in GVCs. We control for price effects using an original production stages deflator based on detailed bilateral trade unit-values, and take into account the evolution of the global business cycle. We show that the development of international value chains, measured as the share of trade in P&C in manufacturing world trade in volume, continued after the crisis. Moreover, such dynamics are not the result of sectoral composition effects.en
dc.relation.isversionofjnlnameInternational Economics
dc.relation.isversionofjnlvol161en
dc.relation.isversionofjnldate2020-05
dc.relation.isversionofjnlpages219-236en
dc.relation.isversionofdoi10.1016/j.inteco.2019.12.002en
dc.relation.isversionofjnlpublisherElsevieren
dc.subject.ddclabelEconomie internationaleen
dc.relation.forthcomingnonen
dc.relation.forthcomingprintnonen
dc.description.ssrncandidatenonen
dc.description.halcandidateouien
dc.description.readershiprechercheen
dc.description.audienceInternationalen
dc.relation.Isversionofjnlpeerreviewedouien
dc.relation.Isversionofjnlpeerreviewedouien
dc.date.updated2020-06-03T13:20:14Z
hal.identifierhal-02895279*
hal.version1*
hal.author.functionaut
hal.author.functionaut
hal.author.functionaut


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