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.
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 language | English |
|---|---|
| Place of Publication | Frankfurt am Main |
| Publisher | European Central Bank |
| Number of pages | 36 |
| Publication status | Published - Apr 2014 |
| Externally published | Yes |
Publication series
| Name | ECB Working Paper Series |
|---|---|
| Volume | 1670 |
| ISSN (Print) | 1725-2806 |
Keywords
- added value
- microeconomics
- econometrics
- trade policy