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VALENCIAN INSTITUTE OF ECONOMIC RESEARCH

EC series Working Papers

WP-EC 2016-01

Cadenas globales de valor y generación de valor añadido: El caso de la economía española

Marta Solaz Alamá

Abstract

Following Koopman, Wang and Wei (2014) and using the data and indicators derived from the international input-output tables of the World Input-Output Database (WIOD), this paper addresses the participation of the Spanish economy and its sectors in GVCs during the period 1995-2011 and its implications for the value-added content of trade. The analysis reveals the increasing integration of the country in GVCs and the heterogeneity between manufacturing and services in their degree of international fragmentation and its contribution to value-added. The importance of sectors heavily dependent on foreign inputs and the relatively low share of exports in GDP limit the capacity of the external sector to stimulate a sustained recovery.

Keywords: exports; value added; fragmentation; multi-regional input-output model (MRIO)

JEL classification: F14, F15, F60

DOI: http://dx.medra.org/10.12842/WPASEC-2016-01

 

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