China-effect on value added and on trade in Global Value Chains

Detalhes bibliográficos
Autor(a) principal: Black, Clarissa
Data de Publicação: 2021
Tipo de documento: Artigo
Idioma: por
Título da fonte: Nova Economia (Online)
Texto Completo: https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/6454
Resumo: Abstract In the context of Global Value Chains (CGV), this article aims to demonstrate the impacts of the Chinese economy on international trade and on the distribution of value added (VA) worldwide, in the 21st century. For this, first, the evolution of the literature on the ways of measuring the value of trade that best reflects the contemporary dynamics of Global Value Chains (GVC) was discussed. Secondly, the decomposition of Borin and Mancini (2017) was applied to the World Input_Output Database (WIOD), in the period 2000-2014. The contribution of this paper to the literature is demonstrating the evolution of methodology on the topic, as well as by demonstrating the structural changes that Chinese growth has caused in the fragmentation of production in GVC and in the distribution of added value worldwide, in sectorial terms. It is also noteworthy, that the data still suggest a convergence to the previous literature that suggests a rebalancing of Chinese growth and a process of substitution of imports. Keywords: international trade, value added exports, Global Value Chains, fragmentation, China. JEL Codes: F1, F12, F14.
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spelling China-effect on value added and on trade in Global Value ChainsEfeito-China no valor adicionado e no comércio em Cadeias Globais de ValorAbstract In the context of Global Value Chains (CGV), this article aims to demonstrate the impacts of the Chinese economy on international trade and on the distribution of value added (VA) worldwide, in the 21st century. For this, first, the evolution of the literature on the ways of measuring the value of trade that best reflects the contemporary dynamics of Global Value Chains (GVC) was discussed. Secondly, the decomposition of Borin and Mancini (2017) was applied to the World Input_Output Database (WIOD), in the period 2000-2014. The contribution of this paper to the literature is demonstrating the evolution of methodology on the topic, as well as by demonstrating the structural changes that Chinese growth has caused in the fragmentation of production in GVC and in the distribution of added value worldwide, in sectorial terms. It is also noteworthy, that the data still suggest a convergence to the previous literature that suggests a rebalancing of Chinese growth and a process of substitution of imports. Keywords: international trade, value added exports, Global Value Chains, fragmentation, China. JEL Codes: F1, F12, F14.Resumo No contexto das Cadeias Globais de Valor (CGV), este artigo tem o objetivo de demonstrar os impactos da economia chinesa no comércio internacional e na distribuição do valor adicionado (VA) mundial, no século XXI. Para isso, primeiramente, foi discutida a evolução da literatura sobre as formas de mensurar o valor do comércio que melhor reflete a dinâmica contemporânea das CGV. Em segundo lugar, foi aplicada a decomposição de Borin e Mancini (2017) nos dados da World Input_Output Database (WIOD) no período 2000-2014. O artigo contribui para a literatura ao apresentar a evolução da metodologia sobre o tema, assim como, ao demonstrar as mudanças estruturais que o crescimento chinês provocou na fragmentação produtiva em CGV e na distribuição do VA mundial em termos setoriais. Destaca-se, ainda, que os dados convergem para a literatura prévia, que sugere um reequilíbrio do crescimento chinês e um processo substituição de importações do país. Palavras-chave: comércio internacional, exportações em valor adicionado, Cadeias Globais de Valor, fragmentação produtiva, China. Códigos JEL: F1, F12, F14.Departamento de Ciências Econômicas da UFMG2021-12-07info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttps://revistas.face.ufmg.br/index.php/novaeconomia/article/view/6454Nova Economia; Vol. 31 No. 2 (2021): Revista Nova Economia; 381-413Nova Economia; v. 31 n. 2 (2021): Revista Nova Economia; 381-4131980-53810103-6351reponame:Nova Economia (Online)instname:Universidade Federal de Minas Gerais (UFMG)instacron:UFMGporhttps://revistas.face.ufmg.br/index.php/novaeconomia/article/view/6454/3601Copyright (c) 2021 Clarissa Blackhttp://creativecommons.org/licenses/by/4.0info:eu-repo/semantics/openAccessBlack, Clarissa2021-12-07T21:57:05Zoai:ojs.pkp.sfu.ca:article/6454Revistahttps://revistas.face.ufmg.br/index.php/novaeconomiaPUBhttps://revistas.face.ufmg.br/index.php/novaeconomia/oai||ne@face.ufmg.br1980-53810103-6351opendoar:2021-12-07T21:57:05Nova Economia (Online) - Universidade Federal de Minas Gerais (UFMG)false
dc.title.none.fl_str_mv China-effect on value added and on trade in Global Value Chains
Efeito-China no valor adicionado e no comércio em Cadeias Globais de Valor
title China-effect on value added and on trade in Global Value Chains
spellingShingle China-effect on value added and on trade in Global Value Chains
Black, Clarissa
title_short China-effect on value added and on trade in Global Value Chains
title_full China-effect on value added and on trade in Global Value Chains
title_fullStr China-effect on value added and on trade in Global Value Chains
title_full_unstemmed China-effect on value added and on trade in Global Value Chains
title_sort China-effect on value added and on trade in Global Value Chains
author Black, Clarissa
author_facet Black, Clarissa
author_role author
dc.contributor.author.fl_str_mv Black, Clarissa
description Abstract In the context of Global Value Chains (CGV), this article aims to demonstrate the impacts of the Chinese economy on international trade and on the distribution of value added (VA) worldwide, in the 21st century. For this, first, the evolution of the literature on the ways of measuring the value of trade that best reflects the contemporary dynamics of Global Value Chains (GVC) was discussed. Secondly, the decomposition of Borin and Mancini (2017) was applied to the World Input_Output Database (WIOD), in the period 2000-2014. The contribution of this paper to the literature is demonstrating the evolution of methodology on the topic, as well as by demonstrating the structural changes that Chinese growth has caused in the fragmentation of production in GVC and in the distribution of added value worldwide, in sectorial terms. It is also noteworthy, that the data still suggest a convergence to the previous literature that suggests a rebalancing of Chinese growth and a process of substitution of imports. Keywords: international trade, value added exports, Global Value Chains, fragmentation, China. JEL Codes: F1, F12, F14.
publishDate 2021
dc.date.none.fl_str_mv 2021-12-07
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/6454
url https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/6454
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/6454/3601
dc.rights.driver.fl_str_mv Copyright (c) 2021 Clarissa Black
http://creativecommons.org/licenses/by/4.0
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2021 Clarissa Black
http://creativecommons.org/licenses/by/4.0
eu_rights_str_mv openAccess
dc.publisher.none.fl_str_mv Departamento de Ciências Econômicas da UFMG
publisher.none.fl_str_mv Departamento de Ciências Econômicas da UFMG
dc.source.none.fl_str_mv Nova Economia; Vol. 31 No. 2 (2021): Revista Nova Economia; 381-413
Nova Economia; v. 31 n. 2 (2021): Revista Nova Economia; 381-413
1980-5381
0103-6351
reponame:Nova Economia (Online)
instname:Universidade Federal de Minas Gerais (UFMG)
instacron:UFMG
instname_str Universidade Federal de Minas Gerais (UFMG)
instacron_str UFMG
institution UFMG
reponame_str Nova Economia (Online)
collection Nova Economia (Online)
repository.name.fl_str_mv Nova Economia (Online) - Universidade Federal de Minas Gerais (UFMG)
repository.mail.fl_str_mv ||ne@face.ufmg.br
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