Analysis of Global Supply Chains in International Trade Patterns
Dmitry Gordeev, Vittoria Idrisova, Andrey Kaukin, Yuriy Ponomarev, Evgeniya Filicheva
Abstract
Dmitry Gordeev, Vittoria Idrisova, Andrey Kaukin, Yuriy Ponomarev, Evgeniya Filicheva
Abstract
Reducing the costs of international trade as a result of technological progress and trade liberalization around the world has led to increased fragmentation and internationalization of production, an increase in the intensity of trade in intermediate goods. Under these conditions, is becoming increasingly important tracking global trade chains, the study of factors export and import value-added embodied in goods and services of a country. The aim of this work is to develop theoretical and empirical evaluation of the model value-added trade, as well as the development of recommendations for management of industrial and trade policy with Russia, taking into account the results obtained. In this study, an analysis of the current structure of trade flows, provides an overview of key theoretical and empirical approaches to the evaluation of international trade flows. As part of this study to determine the theoretical form and specified empirical trade model specifications added value. The evaluation of empirical specifications models of international trade added value of the basic principles of functioning of global trade and production chains, identified key factors that determine the intensity of the flow of added value embodied in goods and services. The results of this study allow a new point of view to determine the main directions of economic policy, contributing to the expansion of the volume of exports of high degree of redistribution and improvement of the production structure of the Russian economy. The paper described a promising tool of industrial and trade policy of the Russian Federation, and the relationship between these instruments, fleshed out the key principles for the integration of Russian producers in international value chains.
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Reducing the costs of international trade as a result of technological progress and trade liberalization around the world has led to increased fragmentation and internationalization of production, an increase in the intensity of trade in intermediate goods. Under these conditions, is becoming increasingly important tracking global trade chains, the study of factors export and import value-added embodied in goods and services of a country. The aim of this work is to develop theoretical and empirical evaluation of the model value-added trade, as well as the development of recommendations for management of industrial and trade policy with Russia, taking into account the results obtained. In this study, an analysis of the current structure of trade flows, provides an overview of key theoretical and empirical approaches to the evaluation of international trade flows. As part of this study to determine the theoretical form and specified empirical trade model specifications added value. The evaluation of empirical specifications models of international trade added value of the basic principles of functioning of global trade and production chains, identified key factors that determine the intensity of the flow of added value embodied in goods and services. The results of this study allow a new point of view to determine the main directions of economic policy, contributing to the expansion of the volume of exports of high degree of redistribution and improvement of the production structure of the Russian economy. The paper described a promising tool of industrial and trade policy of the Russian Federation, and the relationship between these instruments, fleshed out the key principles for the integration of Russian producers in international value chains.
Key concepts: Commercial policy, International trade, Global value chain, Trade barrier, Economics, International free trade agreement, International economics, Industrial organization