Added Value, as a Criterion for Evaluating the Efficiency of Global Production Chains

• Authors: Duginets Ganna V.
• Languages of publication: EN

Abstracts

EN

In recent years, the world economy has experienced a growth of gross exports relative to production output, which can to some extent be explained by a more intensive use of global value chains: the number of intermediate inputs being transported from one country to another within the production process is increasing. The article examines the existing approaches to determining the added value that is being formed in global production chains. It is substantiated that such analysis allows to determine where the most added value is formed, and also to form possible directions for the development of a chain's operating elements. It is emphasized that a company or a country should strive to have presence in those sections of global chains where a greater added value is generated. But in addition to building into existing chains, the country's own industrial policy is also important, and it eventually leads to structural shifts in the country's industry.

Keywords

EN

VALUE ADDED; GLOBAL PRODUCTION CHAIN TABLES; "EXPENDITURES-OUTPUT"; GRAVITY MODEL

• Publisher: Sumy State University, Business and Management Academy of Ukraine - Sumy regional branch and Publishing Company 'University Book'
• Journal: Mekhanizm Rehuluvannya Economiky
• Year: 2017
• Volume: 1(75)
• Pages: 29-36

Contributors

author

Duginets Ganna V.

• department of International Economic Relations of Kyiv National University of Trade and Economics