Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/333421 
Authors: 
Year of Publication: 
2025
Series/Report no.: 
BOFIT Policy Brief No. 18/2025
Publisher: 
Bank of Finland, Bank of Finland Institute for Emerging Economies (BOFIT), Helsinki
Abstract: 
We examine the latest trends in the geographical distribution of value added of final demand and production chains of the US, EU and China based on recently published international input-output tables extending to 2024. Both in final demand and in production chains the share of domestic value added tended to increase during the Covid-19 pandemic but then turned again to decline. In many cases the share of domestic value added has declined even to a lower level than in the beginning of the time period. Our analysis of geographical shifts of imported value added points to some signs of "near-shoring" and potential "friend-shoring" for all the economies, but the trends are not unambiguous.
Subjects: 
global value chains
value-added trade
input-output
Persistent Identifier of the first edition: 
Document Type: 
Research Report

Files in This Item:
File
Size





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