IDEAS home Printed from https://ideas.repec.org/a/gam/jecomi/v8y2020i4p93-d437736.html
   My bibliography  Save this article

An Input–Output Analysis of Sectoral Specialization and Trade Integration of the Western Balkans Economies

Author

Listed:
  • Giovanni Mandras

    (Joint Research Centre, European Commission, 41002 Sevilla, Spain
    The views expressed are purely those of the authors and may not in any circumstances be regarded as stating an official position of the European Commission.)

  • Simone Salotti

    (Joint Research Centre, European Commission, 41002 Sevilla, Spain
    The views expressed are purely those of the authors and may not in any circumstances be regarded as stating an official position of the European Commission.)

Abstract

The contribution of this paper is twofold. First, it uses the available official Input–Output data for the Western Balkans economies to estimate the output and value added multipliers of the sectors identified as being either current or emerging strengths within the context of Smart Specialisation. These multipliers indicate the potential impact of changes in final demand for certain products and sectors. This permits the identification of the industries associated with high indirect and induced effects, and to form ideas about the sectoral interdependencies of the economies. For instance, it appears that many sectors related to construction are promising in terms of economic potential related to demand-side monetary injections in Albania. Second, a Multi-Regional dataset is used to investigate the international integration of the Western Balkans economies in terms of participation in the Global Value Chains. The latter has increased over time in the region, but it appears that some economies are benefitting relatively more than others from it.

Suggested Citation

  • Giovanni Mandras & Simone Salotti, 2020. "An Input–Output Analysis of Sectoral Specialization and Trade Integration of the Western Balkans Economies," Economies, MDPI, vol. 8(4), pages 1-14, October.
    • Handle: RePEc:gam:jecomi:v:8:y:2020:i:4:p:93-:d:437736
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2227-7099/8/4/93/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2227-7099/8/4/93/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Roberta Capello & Henning Kroll, 2016. "From theory to practice in smart specialization strategy: emerging limits and possible future trajectories," European Planning Studies, Taylor & Francis Journals, vol. 24(8), pages 1393-1406, August.
    2. Robert Koopman & Zhi Wang & Shang-Jin Wei, 2014. "Tracing Value-Added and Double Counting in Gross Exports," American Economic Review, American Economic Association, vol. 104(2), pages 459-494, February.
    3. Hummels, David & Ishii, Jun & Yi, Kei-Mu, 2001. "The nature and growth of vertical specialization in world trade," Journal of International Economics, Elsevier, vol. 54(1), pages 75-96, June.
    4. Carlo Gianelle & Fabrizio Guzzo & Krzysztof Mieszkowski, 2020. "Smart Specialisation: what gets lost in translation from concept to practice?," Regional Studies, Taylor & Francis Journals, vol. 54(10), pages 1377-1388, October.
    5. Hasan, Iftekhar & Tucci, Christopher L., 2010. "The innovation-economic growth nexus: Global evidence," Research Policy, Elsevier, vol. 39(10), pages 1264-1276, December.
    6. Mari José Aranguren & Edurne Magro & Mikel Navarro & James R. Wilson, 2019. "Governance of the territorial entrepreneurial discovery process: looking under the bonnet of RIS3," Regional Studies, Taylor & Francis Journals, vol. 53(4), pages 451-461, April.
    7. Pierre-Alexandre Balland & Ron Boschma & Joan Crespo & David L. Rigby, 2019. "Smart specialization policy in the European Union: relatedness, knowledge complexity and regional diversification," Regional Studies, Taylor & Francis Journals, vol. 53(9), pages 1252-1268, September.
    8. Robert Koopman & William Powers & Zhi Wang & Shang-Jin Wei, 2010. "Give Credit Where Credit Is Due: Tracing Value Added in Global Production Chains," NBER Working Papers 16426, National Bureau of Economic Research, Inc.
    9. Johnson, Robert C. & Noguera, Guillermo, 2012. "Accounting for intermediates: Production sharing and trade in value added," Journal of International Economics, Elsevier, vol. 86(2), pages 224-236.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Óscar Rodil-Marzábal & Hugo Campos-Romero, 2021. "The Intra-EU Value Chain: An Approach to Its Economic Dimension and Environmental Impact," Economies, MDPI, vol. 9(2), pages 1-17, April.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Colozza, Federico & Boschma, Ron & Morrison, Andrea & Pietrobelli, Carlo, 2021. "The importance of global value chains and regional capabilities for the economic complexity of EU-regions," MERIT Working Papers 2021-051, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    2. Pierluigi Montalbano & Silvia Nenci & Carlo Pietrobelli, 2018. "Opening and linking up: firms, GVCs, and productivity in Latin America," Small Business Economics, Springer, vol. 50(4), pages 917-935, April.
    3. Silvia Fabiani & Alberto Felettigh & Alfonso Rosolia, 2023. "Foreign Value Added along the Consumption Distribution," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 9(1), pages 35-60, March.
    4. Nenci, Silvia & Fusacchia, Ilaria & Giunta, Anna & Montalbano, Pierluigi & Pietrobelli, Carlo, 2022. "Mapping global value chain participation and positioning in agriculture and food: stylised facts, empirical evidence and critical issues," Bio-based and Applied Economics Journal, Italian Association of Agricultural and Applied Economics (AIEAA), vol. 11(2), July.
    5. Ferraz, Lucas & Ribeiro, Marcel B. & Monastério, Pedro, 2015. "Connecting to Global Value Chains: The Dynamic General Equilibrium Effects of a PTA between China and Mercosur over the economy of Brazil," Conference papers 332666, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    6. João Amador & Rita Cappariello & Robert Stehrer, 2015. "Global Value Chains: A View from the Euro Area," Asian Economic Journal, East Asian Economic Association, vol. 29(2), pages 99-120, June.
    7. Xu, Xueliu & Wang, Qian & Ran, Chenyang & Mu, Mingjie, 2021. "Is burden responsibility more effective? A value-added method for tracing worldwide carbon emissions," Ecological Economics, Elsevier, vol. 181(C).
    8. Boya Zhang & Shukuan Bai & Yadong Ning & Tao Ding & Yan Zhang, 2020. "Emission Embodied in International Trade and Its Responsibility from the Perspective of Global Value Chain: Progress, Trends, and Challenges," Sustainability, MDPI, vol. 12(8), pages 1-26, April.
    9. Cecilia Jona-Lasinio & Valentina Meliciana, 2019. "Global Value Chains and Productivity Growth: Does Intangible Capital Matter?," International Productivity Monitor, Centre for the Study of Living Standards, vol. 36, pages 53-78, Spring.
    10. Baldwin, Richard & Freeman, Rebecca & Theodorakopoulos, Angelos, 2022. "Horses for courses: measuring foreign supply chain exposure," Bank of England working papers 996, Bank of England.
    11. Foster-McGregor, Neil & Kaulich, Florian & Stehrer, Robert, 2015. "Global Value Chains in Africa," MERIT Working Papers 2015-024, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    12. Benkovskis Konstantins & Wörz Julia, 2018. "“Made in China”: how does it affect our understanding of global market shares?," The B.E. Journal of Macroeconomics, De Gruyter, vol. 18(2), pages 1-26, June.
    13. Konstantins Benkovskis & Julia Woerz, 2014. ""Made in China" - How Does it Affect Measures of Competitiveness?," Working Papers 2014/04, Latvijas Banka.
    14. Biswajit Banerjee & Juraj Zeman, 2020. "Determinants of Global Value Chain Participation: Cross-country Analysis," Working Papers 25, Ashoka University, Department of Economics.
    15. Yu, Chunjiao & Luo, Zhechong, 2018. "What are China's real gains within global value chains? Measuring domestic value added in China's exports of manufactures," China Economic Review, Elsevier, vol. 47(C), pages 263-273.
    16. Antimiani, Alessandro & Fusacchia, Ilaria & Salvatici, Luca, 2016. "Value Added Trade Restrictiveness Indexes. Measuring Protection with Global Value Chains," Conference papers 332745, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    17. Magdalena Olczyk & Aleksandra Kordalska, 2017. "Gross Exports Versus Value-Added Exports: Determinants and Policy Implications for Manufacturing Sectors in Selected CEE Countries," Eastern European Economics, Taylor & Francis Journals, vol. 55(1), pages 91-109, January.
    18. Arjan Lejour & Hugo Rojas-Romagosa & Paul Veenendaal, 2017. "Identifying hubs and spokes in global supply chains using redirected trade in value added," Economic Systems Research, Taylor & Francis Journals, vol. 29(1), pages 66-81, January.
    19. Tsakanikas, Aggelos & Roth, Felix & Caliò, Simone & Caloghirou, Yannis & Dimas, Petros, 2020. "The contribution of intangible inputs and participation in global value chains to productivity performance – Evidence from the EU-28, 2000-2014," Hamburg Discussion Papers in International Economics 5, University of Hamburg, Department of Economics.
    20. Yan, Bingqian & Xia, Yan & Jiang, Xuemei, 2023. "Carbon productivity and value-added generations: Regional heterogeneity along global value chain," Structural Change and Economic Dynamics, Elsevier, vol. 65(C), pages 111-125.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jecomi:v:8:y:2020:i:4:p:93-:d:437736. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.