Global Value Chains (GVCs) have transformed production across a broad range of goods and services worldwide. New trade statistics are required in order to perform a more accurate analysis of trade flows through their decomposition in terms of value-added content, distinguished according to the sector/region of origin/destination. Our approach traces value added embedded in trade flows back to its origin or forward to its destination in a Computable General Equilibrium (CGE) model. A new module (available as a download with this paper) is introduced to the Global Trade Analysis Project (GTAP) model and used in a stylized scenario with 3 regions (the United States, the European Union and the Rest of the World) and 3 sectors (Manufactures, Agrifood and Services) where a free trade area between the European Union and the United States is simulated. Results show that the new version of the model (GTAP-VA) makes a useful contribution to trade policy analysis.

{GTAP}-{VA}: An Integrated Tool for Global Value Chain Analysis

Ilaria Fusacchia
;
2018-01-01

Abstract

Global Value Chains (GVCs) have transformed production across a broad range of goods and services worldwide. New trade statistics are required in order to perform a more accurate analysis of trade flows through their decomposition in terms of value-added content, distinguished according to the sector/region of origin/destination. Our approach traces value added embedded in trade flows back to its origin or forward to its destination in a Computable General Equilibrium (CGE) model. A new module (available as a download with this paper) is introduced to the Global Trade Analysis Project (GTAP) model and used in a stylized scenario with 3 regions (the United States, the European Union and the Rest of the World) and 3 sectors (Manufactures, Agrifood and Services) where a free trade area between the European Union and the United States is simulated. Results show that the new version of the model (GTAP-VA) makes a useful contribution to trade policy analysis.
2018
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11563/176718
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