China-effect on value added and on trade in Global Value Chains
Autor(a) principal: | |
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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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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 |
_version_ |
1799711060374061056 |