Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Aggregate Demand, Vertical Specialization and Growth Accounting

Aggregate Demand, Vertical Specialization and Growth Accounting Global manufacturing and international supply chains have changed the way trade and economic growth are understood today. Recent statistical advances suggest new ways of looking at growth accounting when global value chains (GVCs) — articulating supply and demand chains from an international perspective — are taken into consideration. The method is applied to the G-20 countries, a group of leading developed and developing economies that took a prominent role in fostering and managing global economic governance. The demand dynamics is first analyzed through a growth-accounting decomposition, then through the long term determinants of income elasticity of imports and the household marginal propensity to consume imported products. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of International Commerce, Economics and Policy World Scientific Publishing Company

Aggregate Demand, Vertical Specialization and Growth Accounting

Download PDF
20 pages

Loading next page...
 
/lp/world-scientific-publishing-company/aggregate-demand-vertical-specialization-and-growth-accounting-0injkayJdP
Publisher
World Scientific Publishing Company
Copyright
Copyright ©
ISSN
1793-9933
eISSN
1793-9941
DOI
10.1142/S1793993316500162
Publisher site
See Article on Publisher Site

Abstract

Global manufacturing and international supply chains have changed the way trade and economic growth are understood today. Recent statistical advances suggest new ways of looking at growth accounting when global value chains (GVCs) — articulating supply and demand chains from an international perspective — are taken into consideration. The method is applied to the G-20 countries, a group of leading developed and developing economies that took a prominent role in fostering and managing global economic governance. The demand dynamics is first analyzed through a growth-accounting decomposition, then through the long term determinants of income elasticity of imports and the household marginal propensity to consume imported products.

Journal

Journal of International Commerce, Economics and Policy – World Scientific Publishing Company

Published: Oct 1, 2016

Keywords: Global value chains trade and development growth accounting import elasticity balance of payments constraints

There are no references for this article.