Identifying Hubs and Spokes in Global Supply Chains Using Redirected Trade in Value Added

Arjan Lejour, Hugo Rojas-Romagosa, Paul Veenendaal

Research output: Working paperOther research output

Abstract

The increasing importance of global supply chains has prompted the use of analytical tools based on trade in value added – instead of traditional measures
in gross value. We use this analytical framework to develop indicators that
identify hubs and spokes in international supply chains. Using these indicators and the Global Trade Analysis Project (GTAP) databases we identify the importance of redirected value added trade and the hub and spoke relationships at the aggregate level and for specific highly integrated industries.
Original languageEnglish
Place of PublicationFrankfurt am Main
PublisherEuropean Central Bank
Number of pages36
Publication statusPublished - Apr 2014
Externally publishedYes

Publication series

NameECB Working Paper Series
Volume1670
ISSN (Print)1725-2806

Keywords

  • added value
  • microeconomics
  • econometrics
  • trade policy

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  • Cite this

    Lejour, A., Rojas-Romagosa, H., & Veenendaal, P. (2014). Identifying Hubs and Spokes in Global Supply Chains Using Redirected Trade in Value Added. (ECB Working Paper Series; Vol. 1670). European Central Bank. https://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp1670.pdf