logo
Loading...
Beyond trade statistics: how much do exports actually contribute to domestic value added?

Economics

Beyond trade statistics: how much do exports actually contribute to domestic value added?

M. Llop

Explore a groundbreaking approach to understanding how household consumption influences income and output generation processes, as researched by Maria Llop. This innovative method enhances existing input-output models by integrating the circular flow of income, shedding light on the true impact of exports on domestic value added.... show more
Abstract
Koopman et al. (2014) and Los et al. (2016) decomposed gross exports into various value-added components under the input–output (IO) assumption that final demand is exogenous, which disconnects production from income and consumption feedbacks. This paper proposes a method to quantify the value added of exports that explicitly links production, income, and household consumption, following Miyazawa (1968, 1976) and Sonis and Hewings (1993). By endogenizing household consumption in output determination, the model captures additional propagation mechanisms beyond conventional IO linkages. The approach is directly applicable using available world input–output trade databases, providing a more complete understanding of the domestic value-added impacts triggered by exports.
Publisher
Humanities & Social Sciences Communications
Published On
Mar 13, 2024
Authors
Maria Llop
DOI
https://doi.org/10.1057/s41599-024-02731-0
Tags
value-added
household consumption
income generation
output determination
input-output models
circular flow of income
world trade databases

Related Publications

Explore these studies to deepen your understanding of the subject.

Who do we trust and how do we cope with COVID-19? A mixed-methods sequential exploratory approach to understanding supportive messages across 35 cultures
Psychology

Who do we trust and how do we cope with COVID-19? A mixed-methods sequential exploratory approach to understanding supportive messages across 35 cultures

A. K. Y. Au, J. C. K. Ng, et al.

Value relevance of multifaceted corporate social performance: how do country-specific factors matter?
Business

Value relevance of multifaceted corporate social performance: how do country-specific factors matter?

B. Jitmaneeroj

How do cue utilization and value co-creation and future orientation affect the consumers’ choices of smart agricultural products?
Business

How do cue utilization and value co-creation and future orientation affect the consumers’ choices of smart agricultural products?

Y. Zheng and D. Cao

How brand CSR responses to the pandemic impact brand value, growth, and rank
Business

How brand CSR responses to the pandemic impact brand value, growth, and rank

A. Taher and A. Rizkalla

Listen, Learn & Level Up
Over 10,000 hours of research content in 25+ fields, available in 12+ languages.
No more digging through PDFs, just hit play and absorb the world's latest research in your language, on your time.
listen to research audio papers with researchbunny