GANNA V. DUGINETS
Added Value, as a Criterion for Evaluating the Efficiency of Global Production Chains
(original language – English)
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.
Key words: value added, global production chain, tables "expenditures-output", gravity model.
Placed in №1, 2017.
Affiliations: Ganna Volodymyrivna Duginets, C.Sc. (Economics), Associate Professor, doctoral student of department of International Economic Relations of Kyiv National University of Trade and Economics, coordinator of the Jean Monnet module Erasmus+ in KNTEU
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