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Decomposition of global value chains for equipment exports of China

Traditional trade statistics on gross trade is clouded by double counting of trade in intermediates across national borders. The value-added statistical method provides clarity to such situations which decomposes the global value chains (GVC) of exports. We have examined China’s equipment manufactur...

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Main Authors: Zhang, Wei, Yong, Chen Chen
Format: Article
Published: Institute of China Studies, University of Malaya 2018
Subjects:
HB Economic Theory
HC Economic History and Conditions
Online Access:http://eprints.um.edu.my/20169/
https://www.um.edu.my/docs/default-source/ics/ics-ijcs/ijcsv9n1.pdf?sfvrsn=2
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spelling my.um.eprints.201692019-01-28T00:52:56Z http://eprints.um.edu.my/20169/ Decomposition of global value chains for equipment exports of China Zhang, Wei Yong, Chen Chen HB Economic Theory HC Economic History and Conditions Traditional trade statistics on gross trade is clouded by double counting of trade in intermediates across national borders. The value-added statistical method provides clarity to such situations which decomposes the global value chains (GVC) of exports. We have examined China’s equipment manufacturing products trade by adopting value-added statistical method based on Wang, Wei and Zhu (2013). The decomposition results show a dominant share of domestic value-added (DVA), a small share of foreign value-added (FVA), a tiny share of returned domestic value-added (RDV), and pure double counting (PDC). This indicates that the exports of China’s equipment products are mainly final products. Moreover, the results of participation and position indices show a stable participation trend and an upward trend in GVC respectively. Comparing with five selected countries, China’s equipment industry participation in GVC is moderate and belongs to downstream industries. Institute of China Studies, University of Malaya 2018 Article PeerReviewed Zhang, Wei and Yong, Chen Chen (2018) Decomposition of global value chains for equipment exports of China. International Journal of China Studies, 9 (1). pp. 79-96. ISSN 2180-3250 https://www.um.edu.my/docs/default-source/ics/ics-ijcs/ijcsv9n1.pdf?sfvrsn=2
institution Universiti Malaya
building UM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaya
content_source UM Research Repository
url_provider http://eprints.um.edu.my/
topic HB Economic Theory
HC Economic History and Conditions
spellingShingle HB Economic Theory
HC Economic History and Conditions
Zhang, Wei
Yong, Chen Chen
Decomposition of global value chains for equipment exports of China
description Traditional trade statistics on gross trade is clouded by double counting of trade in intermediates across national borders. The value-added statistical method provides clarity to such situations which decomposes the global value chains (GVC) of exports. We have examined China’s equipment manufacturing products trade by adopting value-added statistical method based on Wang, Wei and Zhu (2013). The decomposition results show a dominant share of domestic value-added (DVA), a small share of foreign value-added (FVA), a tiny share of returned domestic value-added (RDV), and pure double counting (PDC). This indicates that the exports of China’s equipment products are mainly final products. Moreover, the results of participation and position indices show a stable participation trend and an upward trend in GVC respectively. Comparing with five selected countries, China’s equipment industry participation in GVC is moderate and belongs to downstream industries.
format Article
author Zhang, Wei
Yong, Chen Chen
author_facet Zhang, Wei
Yong, Chen Chen
author_sort Zhang, Wei
title Decomposition of global value chains for equipment exports of China
title_short Decomposition of global value chains for equipment exports of China
title_full Decomposition of global value chains for equipment exports of China
title_fullStr Decomposition of global value chains for equipment exports of China
title_full_unstemmed Decomposition of global value chains for equipment exports of China
title_sort decomposition of global value chains for equipment exports of china
publisher Institute of China Studies, University of Malaya
publishDate 2018
url http://eprints.um.edu.my/20169/
https://www.um.edu.my/docs/default-source/ics/ics-ijcs/ijcsv9n1.pdf?sfvrsn=2
_version_ 1643691199744180224
score 13.211869

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