Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/200798 
Year of Publication: 
2016
Citation: 
[Journal:] KDI Journal of Economic Policy [ISSN:] 2586-4130 [Volume:] 38 [Issue:] 4 [Publisher:] Korea Development Institute (KDI) [Place:] Sejong [Year:] 2016 [Pages:] 45-76
Publisher: 
Korea Development Institute (KDI), Sejong
Abstract: 
This paper measures the extent to which South Korea participated in global value chains (GVCs) from 1995 through 2011 and scrutinizes the consequences of such participation on the Korean economy. To this end, the World Input Output Database is utilized to calculate GVC income, GVC employment, and value-added exports created by Korean and foreign industries. Our findings show that Korea radically internationalized its production activities during the sample period, widening the gap between gross exports and value-added exports. We also document that Korea's participation in GVCs has changed the value-added and employment structures in domestic industries in accordance with their comparative advantages while exacerbating the degree of wage inequality.
Subjects: 
Global Value Chain
GVC
Trade in Value Added
GVC Income
GVC Employment
International Fragmentation of Production
JEL: 
F10
F21
F23
Persistent Identifier of the first edition: 
Creative Commons License: 
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Document Type: 
Article

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