Chapter 18

Accounting for growth and productivity in global value chains

Marcel P. Timmer 1 , and Xianjia Ye 2       1 Faculty of Economics and Business, University of Groningen, Groningen, The Netherlands      2 Utrecht School of Economics, Utrecht University, Utrecht, The Netherlands

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 ...

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