In global value chains(GVC),it is difficult for traditional trade statistical methods to accurately reflect the degree of benefit from the participation in international division of labor.Based on an accounting framework put forward by KPWW,this paper breaks up APEC members' gross exports from the perspective of value-added trade and compares the value-added trade competitiveness among nine major APEC economies.The results show that according to value-added trade statistics,the trade position and trade imbalance of all APEC members do not basically change while the contribution of export to their economic growth is declining.All APEC members' value-added exports are less than their gross exports based on traditional trade statistical methods,and the proportion of value-added exports in Korea,Mexico,China and Canada are relatively low,indicating that trade benefit from global value chain is overestimated owing to traditional trade statistical methods.The decomposition of double counted terms shows that Russia is at the upstream raw material supply link in global value chain;the United States is at the upstream or downstream links in global value chain;Australia is at the upstream or middle links;China,South Korea,Mexico,Indonesia and Canada are at the middle processing and manufacturing links;although Japan is also at the middle link in global value chain,it exports core components and can gain more benefits from its upstream and downstream trade.Value-added trade statistics not only can really reflect the position of a country in international division of labor,but also better reflects the distribution of trade interests and amends the distortions of trade balance.
/ Journals / Journal of Shanghai University of Finance and Economics
Journal of Shanghai University of Finance and Economics
LiuYuanchun, Editor-in-Chief
ZhengChunrong, Vice Executive Editor-in-Chief
GuoChanglin YanJinqiang WangWenbin WuWenfang, Vice Editor-in-Chief
The Comparison of Major APEC Members' Value-added Trade Competitiveness in Global Value Chain
Journal of Shanghai University of Finance and Economics Vol. 18, Issue 01, pp. 75 - 84,96 (2016) DOI:10.16538/j.cnki.jsufe.2016.01.007
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Cite this article
Yan Yunfeng. The Comparison of Major APEC Members' Value-added Trade Competitiveness in Global Value Chain[J]. Journal of Shanghai University of Finance and Economics, 2016, 18(1): 75–84.
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