Problemi Ekonomiki (Jun 2020)
Methodological Approach to Estimating and Analyzing International Trade in Manufactured Goods in Value Added Terms in Ukraine and Countries of the World
Abstract
The article proves that for the past three decades international trade has been considered largely within the framework of the concept of global value chains (GVC). As a tool for assessing the integration of countries into GVCs and forming effective foreign economic policy based on it, the system of trade in value-added (TiVA) indicators is widely used. It is found that today there are powerful online information resources, which allow obtaining the values of value-added indicators for a certain set of countries of the world, including in terms of economic activities. The OECD, together with the World Trade Organization, has launched a joint initiative to create a database of trade in value-added indicators, which are calculated based on world input-output tables developed by the OECD and describe the interactions between industries and consumers in 64 economies. However, due to the small share of Ukraine in international trade flows, there are no estimates for the country in the OECD database. But the analysis of international trade in value added is an important tool in identifying bottlenecks and hidden risks in Ukraine’s trade. Therefore, it is obvious that it is necessary to adapt the methodology to the system of statistical information of Ukraine and implementation of corresponding calculations. The aim of the article is to develop a methodological approach to estimating and analyzing international trade in manufactured goods in value added terms in Ukraine and countries of the world. The methodological approach proposed in the article allows estimating international trade in manufactured goods of countries of the world and Ukraine or its individual economic activities, determining homogeneous in terms of indicators of international trade in manufactured goods or individual economic activities groups (clusters) of countries of the world, identifying areas of the integration of the Ukrainian industry and its individual economic activities into global value chains.
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