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The Characteristics of Regional Value Chains in the Sector of Chemicals and Pharmaceutical Products in the EU

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  • Ines Kersan-Škabić

    (Department of National and International Economics, Faculty of Economics and Tourism “Dr. Mijo Mirković”, Juraj Dobrila University of Pula, 52100 Pula, Croatia)

  • Alen Belullo

    (Department of Economic Theories, Faculty of Economics and Tourism “Dr. Mijo Mirković”, Juraj Dobrila University of Pula, 52100 Pula, Croatia)

Abstract

The COVID-19 pandemic has impacted trade flows, causing a trade drop in 2020 that was especially sensitive for pharmaceutical and medical products necessary to ensure public health. The production of pharmaceutical products is dispersed in a framework of global value chains. This study aimed to provide a detailed analysis of the EU situation in the sector of production of chemical and pharmaceutical products, to discover the fragmentation of production chains within the EU as well as globally. International inter-country input–output tables were employed to disaggregate the value-added created in EU member states. The GVC and RVC participation indexes, backward and forward participation, length of sourcing, and selling value chains were calculated and compared with the main global hubs.

Suggested Citation

  • Ines Kersan-Škabić & Alen Belullo, 2021. "The Characteristics of Regional Value Chains in the Sector of Chemicals and Pharmaceutical Products in the EU," Economies, MDPI, vol. 9(4), pages 1-24, November.
    • Handle: RePEc:gam:jecomi:v:9:y:2021:i:4:p:167-:d:671301
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    References listed on IDEAS

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