Abstract
The improved availability of value-added trade data allows us to identify more clearly what fragment in the production chain is internationally competitive in a particular country. Rather than focusing on particular sectors or examples, we determine the distributions of revealed comparative advantage (RCA) in terms of both gross exports and value-added for 40 countries. Systematically comparing these distributions reveals significant differences for RCA based on gross exports versus value-added data. Using data on the Great Recession as an example, we argue that value-added RCA is more informative regarding the workings of the real economy than gross sector RCA.
| Original language | English |
|---|---|
| Pages (from-to) | 61-92 |
| Number of pages | 32 |
| Journal | Papers in Regional Science |
| Volume | 96 |
| Issue number | 1 |
| DOIs | |
| Publication status | Published - 1 Mar 2017 |
| Externally published | Yes |
Keywords
- gross exports
- Revealed comparative advantage
- value-added exports
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