Global Value Chains: A View from the Euro Area

26 Pages Posted: 12 Mar 2015

See all articles by Joao L.M. Amador

Joao L.M. Amador

New University of Lisbon - Faculdade de Economia

Rita Cappariello

Bank of Italy

Robert Stehrer

Vienna Institute of International Economic Studies (WIIW)

Date Written: March 11, 2015

Abstract

This paper describes the main features of Global Value Chains (GVCs) in the euro area taken as a whole and compares with other large trade players like the US, China and Japan. In addition, the perspective of individual euro area countries is considered, with a focus on intra euro area linkages. The analysis relies primarily on the concept of foreign value added in exports, as a way to assess the pervasiveness of GVCs, it covers the period 2000-2011 and bases on the World Input-Output Database (WIOD). The paper finds that GVCs are important for the euro area as whole and they have rebounded after the great trade collapse. Moreover, there is a strong relevance of regional production linkages in Europe, with Germany playing a key role.

Keywords: international trade, global value chains, euro area

JEL Classification: F1, F14, F15

Suggested Citation

Amador, Joao L.M. and Cappariello, Rita and Stehrer, Robert, Global Value Chains: A View from the Euro Area (March 11, 2015). ECB Working Paper No. 1761, Available at SSRN: https://ssrn.com/abstract=2576685

Joao L.M. Amador (Contact Author)

New University of Lisbon - Faculdade de Economia ( email )

Lisboa, 1099-032
Portugal

Rita Cappariello

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

Robert Stehrer

Vienna Institute of International Economic Studies (WIIW) ( email )

A-1010 Vienna
Austria

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