Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/272779 
Year of Publication: 
2022
Series/Report no.: 
ADB Economics Working Paper Series No. 671
Publisher: 
Asian Development Bank (ADB), Manila
Abstract: 
This paper employs a modern global value chain (GVC) decomposition framework to quantify economic interdependence among Asian economies and between Asia and the rest of the world. It pays special attention to the value-added relationships among three sets of economies: those belonging to both Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and Regional Comprehensive Economic Partnership (RCEP), those belonging to one but not the other, and those belonging to neither. GVC linkages in value-added terms across economies are found to have grown faster than the value-added linkage through final goods trade. For GVC connections, indirect GVC linkages via third economies have been growing faster than the direct linkages. Finally, there is an increased tendency in Asia for both "near selling" of the value added in output and "near sourcing" of value added in inputs.
Subjects: 
global value chain
decomposition framework
economic regionalism
economic integration
value-added linkages
JEL: 
F10
F15
F63
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.