Accounting for growth and productivity in global value chains

Marcel Timmer; Xianjia Ye

doi:10.1016/B978-0-12-817596-5.00018-4

Accounting for growth and productivity in global value chains

Marcel Timmer, Xianjia Ye

Global Economics & Management

Research output: Chapter in Book/Report/Conference proceeding › Chapter › Academic › peer-review

2 Citations (Scopus)

Abstract

Growth accounting was originally developed for analyzing growth at the country and industry level. In this chapter, we demonstrate the versatility of the method in the context of production processes that are vertically integrated across borders, also known as global value chains (GVCs). We outline the method of growth accounting for GVCs and discuss data requirements. To illustrate, results of growth accounting for 273 GVCs are presented. We also discuss the challenges posed by applying the method in this new setting, in particular the assumption of perfect labor input markets.

Original language	English
Title of host publication	Measuring Economic Growth and Productivity
Subtitle of host publication	Foundations, KLEMS Production Models, and Extensions
Editors	Barbara Fraumeni
Publisher	Academic Press
Chapter	18
Pages	413-426
Number of pages	14
ISBN (Electronic)	9780128175972
ISBN (Print)	9780128175965
DOIs	https://doi.org/10.1016/B978-0-12-817596-5.00018-4
Publication status	Published - 2020

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title = "Accounting for growth and productivity in global value chains",

abstract = "Growth accounting was originally developed for analyzing growth at the country and industry level. In this chapter, we demonstrate the versatility of the method in the context of production processes that are vertically integrated across borders, also known as global value chains (GVCs). We outline the method of growth accounting for GVCs and discuss data requirements. To illustrate, results of growth accounting for 273 GVCs are presented. We also discuss the challenges posed by applying the method in this new setting, in particular the assumption of perfect labor input markets.",

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AB - Growth accounting was originally developed for analyzing growth at the country and industry level. In this chapter, we demonstrate the versatility of the method in the context of production processes that are vertically integrated across borders, also known as global value chains (GVCs). We outline the method of growth accounting for GVCs and discuss data requirements. To illustrate, results of growth accounting for 273 GVCs are presented. We also discuss the challenges posed by applying the method in this new setting, in particular the assumption of perfect labor input markets.

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