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Global Value Chains and East Asian Trade in Value-Added

Author

Listed:
  • Nakgyoon Choi

    (Korea Institute for International Economic Policy)

Abstract

The rise of global value chains (GVCs) has changed the patterns of trade in East Asia. This paper aims to analyze GVCs since the mid 1990s and to investigate the determinants of East Asian trade in value-added. At the world level, export (measured in value-added) is increasingly sensitive to the capital–labor ratio and high-skilled labor productivity. In East Asia, however, the opposite trend is seen. It is also found that free trade agreements do not promote export in East Asia, only export in intermediate goods.

Suggested Citation

  • Nakgyoon Choi, 2015. "Global Value Chains and East Asian Trade in Value-Added," Asian Economic Papers, MIT Press, vol. 14(3), pages 129-144, Fall.
    • Handle: RePEc:tpr:asiaec:v:14:y:2015:i:3:p:129-144
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    Citations

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    Cited by:

    1. Heli Simola, 2018. "Chinese Services Gaining Significance in Global Production Chains," Asian Economic Papers, MIT Press, vol. 17(2), pages 50-64, Summer.
    2. Barry Eichengreen & Domenico Lombardi, 2017. "RMBI or RMBR? Is the Renminbi Destined to Become a Global or Regional Currency?," Asian Economic Papers, MIT Press, vol. 16(1), pages 35-59, Winter/Sp.
    3. Matthias Helble, 2018. "Toward a Consumer-Centered Economy and Its Implications for International Trade and Asia's Development," Asian Economic Papers, MIT Press, vol. 17(3), pages 56-74, Fall.
    4. Chun-Chien Kuo & Deng-Shing Huang & Tzu-Han Yang, 2019. "Revisiting the Twin-Hub Trade Pattern in East Asia," Asian Economic Papers, MIT Press, vol. 18(1), pages 185-199, Winter/Sp.

    More about this item

    Keywords

    global value chains; East Asia; capital–labor ratio; high-skilled labor productivity; free trade;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • E0 - Macroeconomics and Monetary Economics - - General

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