Global value chains and intra-BRICs trade in value-added
We analyze the BRICs countries' role in Global Value Chains (GVCs) and their trade patterns in value-added and vertical specialization, using the World Input-Output Database (WIOD) from 2000-2014 with a decomposition model of intermediate goods and trade flows. Our findings reveal increased con...
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| Format: | Article |
| Language: | English |
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Elsevier
2024-01-01
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| Series: | Journal of Government and Economics |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S2667319324000314 |
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| author | José Firmino de Sousa Filho Gervásio Ferreira dos Santos Luiz Carlos de Santana Ribeiro Rodrigo Barbosa de Cerqueira Larissa Lopes Lima |
| author_facet | José Firmino de Sousa Filho Gervásio Ferreira dos Santos Luiz Carlos de Santana Ribeiro Rodrigo Barbosa de Cerqueira Larissa Lopes Lima |
| author_sort | José Firmino de Sousa Filho |
| collection | DOAJ |
| description | We analyze the BRICs countries' role in Global Value Chains (GVCs) and their trade patterns in value-added and vertical specialization, using the World Input-Output Database (WIOD) from 2000-2014 with a decomposition model of intermediate goods and trade flows. Our findings reveal increased connectivity within global value chains, particularly for China and India. China significantly advances GVCs and intra-BRICs trade, focusing on high and medium-high technology industries. Brazil and Russia, however, have limited participation in GVCs, mainly engaging in value-added trade for medium-low and low-technology industries. Our network analysis reveals increasing connections between countries in global value chains, particularly for China and India. India excels in medium-technology goods and has increased its share in GVCs. While India and China demonstrate strong vertical specialization, Brazil and Russia concentrate major component exports on domestic value-added. Our study emphasizes the importance of expanding coordinated government policies among BRICs countries to foster value-added trade gains and industrial development. Governments in BRICs must address the strategic gaps to leverage their domestic resources effectively within the GVC framework. |
| format | Article |
| id | doaj-art-e5ffa6ea2de34467a7f596a9dd9201cc |
| institution | Kabale University |
| issn | 2667-3193 |
| language | English |
| publishDate | 2024-01-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Journal of Government and Economics |
| spelling | doaj-art-e5ffa6ea2de34467a7f596a9dd9201cc2025-01-20T04:18:01ZengElsevierJournal of Government and Economics2667-31932024-01-0116100127Global value chains and intra-BRICs trade in value-addedJosé Firmino de Sousa Filho0Gervásio Ferreira dos Santos1Luiz Carlos de Santana Ribeiro2Rodrigo Barbosa de Cerqueira3Larissa Lopes Lima4Professor at Universidade Estadual de Feira de Santana, 44.036-900, Brasil; Autor correspondente. Tel: (+55) 71 3283-7563Professor at Universidade Federal da Bahia, Salvador, 40070-010, BrasilProfessor at Universidade Federal de Sergipe (UFS), Endereço: Avenida Marechal Rondon Jardim s/n - Rosa Elze, São Cristóvão Sergipe, 49100-000, BrasilResearch and Head of the Department of Innovation and Data Science at the Superintendency of Economic and Social Studies of Bahia, Salvador, 41745-002, BrasilAssociate Researcher at Queen's University Belfast, Belfast, United KingdomWe analyze the BRICs countries' role in Global Value Chains (GVCs) and their trade patterns in value-added and vertical specialization, using the World Input-Output Database (WIOD) from 2000-2014 with a decomposition model of intermediate goods and trade flows. Our findings reveal increased connectivity within global value chains, particularly for China and India. China significantly advances GVCs and intra-BRICs trade, focusing on high and medium-high technology industries. Brazil and Russia, however, have limited participation in GVCs, mainly engaging in value-added trade for medium-low and low-technology industries. Our network analysis reveals increasing connections between countries in global value chains, particularly for China and India. India excels in medium-technology goods and has increased its share in GVCs. While India and China demonstrate strong vertical specialization, Brazil and Russia concentrate major component exports on domestic value-added. Our study emphasizes the importance of expanding coordinated government policies among BRICs countries to foster value-added trade gains and industrial development. Governments in BRICs must address the strategic gaps to leverage their domestic resources effectively within the GVC framework.http://www.sciencedirect.com/science/article/pii/S2667319324000314F01F10F13 |
| spellingShingle | José Firmino de Sousa Filho Gervásio Ferreira dos Santos Luiz Carlos de Santana Ribeiro Rodrigo Barbosa de Cerqueira Larissa Lopes Lima Global value chains and intra-BRICs trade in value-added Journal of Government and Economics F01 F10 F13 |
| title | Global value chains and intra-BRICs trade in value-added |
| title_full | Global value chains and intra-BRICs trade in value-added |
| title_fullStr | Global value chains and intra-BRICs trade in value-added |
| title_full_unstemmed | Global value chains and intra-BRICs trade in value-added |
| title_short | Global value chains and intra-BRICs trade in value-added |
| title_sort | global value chains and intra brics trade in value added |
| topic | F01 F10 F13 |
| url | http://www.sciencedirect.com/science/article/pii/S2667319324000314 |
| work_keys_str_mv | AT josefirminodesousafilho globalvaluechainsandintrabricstradeinvalueadded AT gervasioferreiradossantos globalvaluechainsandintrabricstradeinvalueadded AT luizcarlosdesantanaribeiro globalvaluechainsandintrabricstradeinvalueadded AT rodrigobarbosadecerqueira globalvaluechainsandintrabricstradeinvalueadded AT larissalopeslima globalvaluechainsandintrabricstradeinvalueadded |