Accounting for growth and productivity in global value chains

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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.
Originele taal-2English
TitelMeasuring Economic Growth and Productivity
SubtitelFoundations, KLEMS Production Models, and Extensions
RedacteurenBarbara Fraumeni
UitgeverijAcademic Press
Aantal pagina's14
ISBN van elektronische versie9780128175972
ISBN van geprinte versie9780128175965
StatusPublished - 2020

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