TY  - JOUR
TI  - New Statistics of International Trade in Value Added Terms
T2  - HSE Economic Journal 
IS  - HSE Economic Journal 
KW  - input-output tables
KW  - global value chains
KW  - international trade
KW  - value added
AB  - The article explores the issue of capturing the value added in international trade flows using international input-output frameworks. We review the methodology employed by foreign researchers to develop an approach for a decomposition of gross trade flows into value added components of certain origin and destination and to comprehensively analyse global value chains. Two sets of inter-country input-output tables provide statistical input to derive new and easy-to-handle indicators that show Russia’s role in the global value chains as at 2005. Russia appears to be an active part of the European value chains thanks to its exports of raw energy resources. Demand for the latter is created by the direct importers, but is also indirectly fuelled by consumption of third countries, i.e. further downstream. We provide evidence that the value added originating in Russia’s oil and gas sector is hidden in other countries’ and other sectors’ exports. However, these multiplicative effects are significant for Russia’s total trade rather than its partners’ trade, with the exception of some Eastern European economies, primarily Baltic countries. This is perhaps a sub-optimal model of integration into the global value chains, but secures Russia’s position as a relatively large net exporter of value added alongside top contributors among developed and developing countries. We supplement our results with a brief description of the analytical capabilities of the international input-output frameworks, existing experience and prospects of their use for policy making.
AU  - Alexey Ponomarenko
AU  - Kirill Muradov
UR  - https://ej.hse.ru/en/2014-18-1/119899852.html
PY  - 2014
SP  - 43-79
VL  - 18