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Input structure, international trade of intermediate goods, and international competitiveness

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The purpose of this paper is to examine the relationship among input structure, international trade of intermediate goods, and international competitiveness at aggregate and sector levels using input-output (IO) tables and IO analysis. We used the IO tables of 66 countries included in the 2021 Edition of OECD’s Input-Output Database (IO-DB), and we observed that IO tables and IO analysis can be useful in understanding the above-mentioned relationships. We found that IO analysis, in particular input structures and impact of final demand on value-added, provides useful hints and intuition about recent trends in international trade and the way countries utilize the global production network.

Abstract

The purpose of this paper is to examine the relationship among input structure, international trade of intermediate goods, and international competitiveness at aggregate and sector levels using input-output (IO) tables and IO analysis. We used the IO tables of 66 countries included in the 2021 Edition of OECD’s Input-Output Database (IO-DB), and we observed that IO tables and IO analysis can be useful in understanding the above-mentioned relationships. We found that IO analysis, in particular input structures and impact of final demand on value-added, provides useful hints and intuition about recent trends in international trade and the way countries utilize the global production network.

참고문헌 (14)

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  2. Bank of Korea, "Input-Output Analysis", Bank of Korea, ~ (2014)
  3. Breda, E., "Firm’s Objectives and Internal Organization in a Global Economy" (2009), Palgrave Macmillan
  4. Hummels, D., "The Nature and Growth of Vertical Specialization in World Trade", Journal of International Economics, 54, pp.75~96 (2001)
  5. Kim, D., "Impact of Exports on GDP : Analysis using Input-Output Tables", KDI Economy Outlook, 21(2), pp.115~124 (2004), Korea Development Institute
  6. 김동석, "Erratum : Measuring the degree of integration into the global production network by the decomposition of gross output and imports: A cross-country study, 1995-2015 1", Journal of Economic Research (JER), 25(3), pp.223~248 (2020), 경제연구소[DOI]
  7. 김동석, "Measuring the Degree of Integration into the Global Production Network by the Decomposition of Gross Output and Imports: Korea 1970-2018", KDI Journal of Economic Policy, 43(3), pp.33~53 (2021), 한국개발연구원[DOI]
  8. Loschky, A., "Import Content of Exports", 7th OECD International Trade Statistics Expert Meeting ITS and OECDEUROSTAT Meeting of Experts In Tade-in-Services Statistics (TIS) (2006), OECD
  9. Maddison, A., "The World Economy: A Millennial Perspective", Development Centre of the Organisation for Economic Co-operation and Development, ~ (2001)
  10. Miller, R. E., "Input-Output Analysis: Foundations and Extensions" (2009), Cambridge University Press
  11. Weil, D. N., "Economic Growth" (2013), Pearson
  12. The OECD Input-Output Database: 2006 Edition, "Yamano, N.", OECD Publishing, ~ (2006)
  13. "Input-Output Database"[URL]
  14. "World Development Indicators"[URL]

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