Regional economic integration via detection of circular flow in international value-added network.

ABSTRACT: Global value chains are formed through value-added trade, and some regions promote economic integration by concluding regional trade agreements to promote these chains. However, it has not been established to quantitatively assess the scope and extent of economic integration involving various sectors in multiple countries. In this study, we used the World Input-Output Database to create a cross-border sector-wise network of trade in value-added (international value-added network) covering the period of 2000-2014 and evaluated them using network science methods. By applying Infomap to the international value-added network, we confirmed two regional communities: Europe and the Pacific Rim. We applied Helmholtz-Hodge decomposition to the value-added flows within the region into potential and

SUBMITTER: Sada S 

PROVIDER: S-EPMC8378758 | biostudies-literature | 2021

REPOSITORIES: biostudies-literature