Five Facts about Value-Added Exports and Implications for Macroeconomics and Trade Research
Bibliographic Data
| ID | 4030179 |
|---|---|
| Authors | Robert C Johnson (0000-0001-5945-6334, Assistant Professor of Economics, Dartmouth College, Hanover, New Hampshire. He is also a Faculty Research Fellow, National Bureau of Economic Research, Cambridge, Massachusetts. ., corresponding author) |
| Year | 2014 |
| Volume | 28 |
| Issue | 2 |
| Pages | 119-142 |
| Publication date | 2014-05-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Journal of Economic Perspectives (JOURNAL) |
| Journal identifiers | ISSN: 0895-3309 • E-ISSN: 1944-7965 |
| Publisher | American Economic Association (PUBLISHER • US) |
| DOI | 10.1257/jep.28.2.119 |
| OpenAlex | W2154402781 |
| Language | EN |
| Citations received | 37 |
| References cited | 24 |
Due to the rise of global supply chains, gross exports do not accurately measure the amount of value added exchanged between countries. I highlight five facts about differences between gross and value-added exports. These differences are large and growing over time, currently around 25 percent, and manufacturing trade looks more important, relative to services, in gross than value-added terms. These differences are also heterogenous across countries and bilateral partners, and changing unevenly across countries and partners over time. Taking these differences into account enables researchers to obtain better quantitative answers to important macroeconomic and trade questions. I discuss how the facts inform analysis of the transmission of shocks across countries; the mechanics of trade balance adjustments; the impact of frictions on trade; the role of endowments and comparative advantage; and trade policy
Balance of trade · Comparative advantage · Economics · Gross output · International economics · International trade · Macroeconomics · Global Trade and Competitiveness · Global trade and economics · International Business and FDI
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| Citations per year | 3.36 |
|---|---|
| Citation span | 2015 - 2026 (12) |
| Highly cited | No |