文章基本信息

标题：Collateral imbalances in intra-european trade? Accounting for the difference between gross and value added trade balances
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作者：Arne J. Nagengast ; Robert Stehrer
期刊名称：Euro Area Balance of Payments and International Investment Position Statistics
印刷版ISSN：1830-3420
电子版ISSN：1830-3439
出版年度：2014
出版社：European Central Bank
摘要：One of the main stylised facts that has emerged from the recent literature on global value chainsis that bilateral trade imbalances in gross terms can dier substantially from those measured in valueadded terms. However, the factors underlying the extent and sign of the dierences between the twomeasures have so far not been investigated. Here, we propose a novel decomposition of bilateral grosstrade balances that accounts for the dierences between gross and value added concepts. The bilateralanalysis contributes conceptually to the literature on double counting in trade by identifying the tradeow in which value added is actually recorded for the rst time in international trade statistics. Weapply our decomposition framework to the development of intra-EU27 trade balances from 1995-2011and show that a growing share of intra-EU bilateral trade balances is due to demand in countriesother than the two direct trading partners.
关键词：Trade balances; Global value chains; Vertical specialisation; Value added; Input-output;tables