ORCID
- Wang, Peijie: 0000-0002-6921-5937
Abstract
This paper examines flow of value that goes with trade flows in global value chains (GVCs) by a residence-based domestic value-added trade measure. Accordingly, the paper puts forward a concept of residence-based domestic value-added exports from activity domains and develops a corresponding trade measure. Export activities of G20 economies are scrutinized empirically, with which sizeable differences are observed between figures in the proposed residence-based domestic value-added trade measure and the conventional domestic value-added trade measure. This calls for new measures, to which the present study responds. It has been demonstrated that the developed G20 gains persistently in residence-based domestic value-added exports, increasing from the conventional domestic value-added exports measure. Whereas trade performance of the developing G20 deteriorates with considerably reduced surpluses in the new measure. Considerable additional value flows out from developing to developed economies in GVCs. Developed economies continue to gain from international trade as a matter of fact.
DOI
10.1002/ijfe.2980
Publication Date
2024-04-25
Publication Title
International Journal of Finance and Economics
ISSN
1076-9307
Embargo Period
2024-05-21
Organisational Unit
Plymouth Business School
Recommended Citation
Wang, P., & Liu, Z. (2024) 'Trade and flow of value in global value chains', International Journal of Finance and Economics, . Available at: https://doi.org/10.1002/ijfe.2980