In her EMOS webinar, Lucia Quaglietti gave insights into the topic:
"Global value chains: definitions and measurement"
The main focus of the webinar was on:
Definition of GVC trade and main components
World Input Output Tables
Recent patterns of GVC trade
Lucia Quaglietti is an economist in the OECD Economics Department where she is part of the team that produces the OECD Economic Outlook report. Prior to joining the OECD, Lucia was a senior economist at the World Bank, the European Central Bank, and the Bank of England, where she was in charge of monitoring and forecasting the euro area and the global economy. Her main research interests are in the areas of international economics, spillovers, and international trade. She obtained a PhD from the Catholic University of Milan and a MSc in Development Economics from SOAS University.
The emergence of Global Value Chains (GVCs) has challenged the conventional use and interpretation of trade statistics and instigated the use of new data and methods. The webinar aims at introducing concepts, data and metrics to measure country’s participation in GVCs and to assess recent patterns of GVC trade. To this end, the participants will be introduced to basic theoretical principles associated with the measurement of GVC related trade and to the main relevant statistical sources (Global Input-Output Tables). Examples and practical applications will also be discussed during the webinar.
Webinar learning outcomes:
To familiarize with high-level theoretical concepts and definitions associated with the analysis of global value chains statistics, including vis-à-vis traditional trade statistics
To understand relevant data and measurement issues
To be aware of the complexity of production chain linkages in today’s globalized world, and of the changing patterns of GVC participation over time
Prerequisites: A basic understanding of trade statistics
Antras, Pol, and Davin Chor. 2022. “Global Value Chains.” Handbook of International Economics. Vol. 5. Elsevier.
Martins Guilhoto, J., C. Webb and N. Yamano (2022), "Guide to OECD TiVA Indicators, 2021 edition", OECD Science, Technology and Industry Working Papers, No. 2022/02, OECD Publishing, Paris
Cigna, Simone & Vanessa.Gunnella & Quaglietti, Lucia, 2022. "Global value chains: measurement, trends and drivers," Occasional Paper Series 289, European Central Bank.
World Bank. 2020. World Development Report 2020 : Trading for Development in the Age of Global Value Chains. Washington, DC: World Bank. © World Bank.