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A portrait of trade in value added over four decades
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Johnson, Robert C. and Noguera, Guillermo (2017) A portrait of trade in value added over four decades. The Review of Economics and Statistics, 99 (5). pp. 896-911. doi:10.1162/REST_a_00665 ISSN 0034-6535.
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Official URL: https://doi.org/10.1162/REST_a_00665
Abstract
We combine data on trade, production, and input use to document changes in the value added content of trade between 1970 and 2009. The ratio of value-added to gross exports fell by roughly 10 percentage points worldwide. The ratio declined 20 percentage points in manufacturing, but rose in non-manufacturing sectors. Declines also differ across countries and trade partners: they are larger for fast growing countries, for nearby trade partners, and among partners that adopt regional trade agreements. Using a multi-sector structural gravity model with input-output linkages, we show that changes in trade frictions play a dominant role in explaining all these facts.
Item Type: | Journal Article | ||||||||||
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Subjects: | H Social Sciences > HB Economic Theory H Social Sciences > HD Industries. Land use. Labor H Social Sciences > HF Commerce H Social Sciences > HG Finance |
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Divisions: | Faculty of Social Sciences > Economics | ||||||||||
Library of Congress Subject Headings (LCSH): | Value added, Business logistics, International business enterprises, International trade | ||||||||||
Journal or Publication Title: | The Review of Economics and Statistics | ||||||||||
Publisher: | MIT Press | ||||||||||
ISSN: | 0034-6535 | ||||||||||
Official Date: | 31 December 2017 | ||||||||||
Dates: |
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Volume: | 99 | ||||||||||
Number: | 5 | ||||||||||
Page Range: | pp. 896-911 | ||||||||||
DOI: | 10.1162/REST_a_00665 | ||||||||||
Status: | Peer Reviewed | ||||||||||
Publication Status: | Published | ||||||||||
Access rights to Published version: | Restricted or Subscription Access | ||||||||||
Date of first compliant deposit: | 26 January 2017 | ||||||||||
Date of first compliant Open Access: | 18 December 2017 |
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