Publication Type
Working Paper
Version
publishedVersion
Publication Date
11-2020
Abstract
Apart from the public health crisis entailed by the Coronavirus Disease 2019 (COVID-19) pandemic, it has also propagated a pandemic-induced economic shock globally. One transmission channel is via the inter-country linkages arising from the trade in intermediate inputs, which is a pertinent characteristic of global value chains (GVCs), and resulting in a "supply-chain contagion" as termed by Baldwin and Tomiura (2020). In this paper, we propose measures of bilteral downstreamness and upstreamness, the extent of a country's GVC participation, and the position of a country in GVCs by leveraging upon the gross export decomposition framework as laid out by Borin and Mancini (2019), which builds upon the work done by Koopman et al. (2014). By applying a regional lens to our analysis, we also identify key intermediary nodes that intermediate GVC-related ows within their region and across regions. Through this, we investigate the trade linkages of countries and discuss the potential impact of COVID-19 on GVCs.
Keywords
COVID-19, global value chain (GVC), gross export decomposition, GVC position, upstream/downstream trade partners
Discipline
International Economics | Public Health
Research Areas
International Economics
First Page
1
Last Page
99
Publisher
SMU Economics and Statistics Working Paper Series, Paper No. 24-2020
City or Country
Singapore
Citation
FOONG, Gerald and CHANG, Pao-Li.
The potential impacts of COVID-19 on the global value chains: GVC positioning and linkages. (2020). 1-99.
Available at: https://ink.library.smu.edu.sg/soe_research/2411
Copyright Owner and License
Authors
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.