Trade brokerage property of industrial sectors on the global value chain
Abstract
ICIO data have proven itself to be a reliable source for the analysis of economic globalization, with which sectors all over the world could be constructed into a sophisticated GVC, bringing the advantages of simultaneous study on international and domestic economies in detail as a holistic network. This paper uses OECD–WTO TiVA data to set up GIVCN-TiVA networks as the general analytical framework, depicting the transferring process of intermediate goods among sectors of various countries/regions. Secondly, the conception of brokerage roles in SNA has been adopted to redefine sector’s function while linkage exists between its upstream providers and downstream consumers, referred to as “Trade Brokerage Property”, as well as to quantify the ratio of each types of the roles. Thirdly, a set of simulations have been defined to testify the contribution that different TBPs incur to the robustness of global economic system. Finally, analyses on TBPs and NTBPs have been carried out in the levels of industry and country/region, respectively.
