Premium
Value added and participation in global value chains: The case of S pain
Author(s) -
Solaz Marta
Publication year - 2018
Publication title -
the world economy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.594
H-Index - 68
eISSN - 1467-9701
pISSN - 0378-5920
DOI - 10.1111/twec.12641
Subject(s) - value (mathematics) , economics , global value chain , international trade , international economics , mathematics , statistics , comparative advantage
Following Koopman, Wang, and Wei and using the data and indicators derived from the international input–output tables of the World Input–Output Database, this paper addresses the participation of the Spanish economy and its sectors in global value chains ( GVC s) during the period 1995–2011 and its implications for the value added content of trade. The analysis reveals the increasing integration of the country in GVC s and the heterogeneity between manufacturing and services in their vertical specialisation and their contribution to value added. This paper also explores the link between the use of foreign factors and export performance at the industry level and finds that this type of involvement in GVC s is positively correlated with increases in the domestic value added content of Spanish exports.