Week 1
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- Explanation of outlines and basic concepts using simple examples
Example of the global value chain: iPhone
Macro input-output models (1 country & 1 sector) of selected countries:
- Asia (China, Japan, Korea, Taiwan, India, Vietnam, etc.), Europe (EU member countries), the USA, Russia, and Ukraine.
All data in excel files, employed in the lecture, will be sent to students.
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Week 2-5
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- Trade Relations among Selected Countries
The rise of China and the fall of Japan
The US-China trade nexus
China-Korea-Taiwan nexus
Giants India and Indonesia
Vietnam and other emerging economies
Intra-EU trade and extra-EU trade
EU-Russia nexus
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Week 6-9
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- Vertical and Horizontal Specialization
Vertical specialization through imports
Horizontal specialization through exports
Macro input-output systems (many countries & 1 sector) of selected
countries:
- Asia (China, Japan, Korea, Taiwan, India, Vietnam, etc.), Europe (EU member countries), the USA, Russia, and Ukraine.
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Week 10-15
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- The relationship between Growth and two Specializations
For each country
For country groups (cross-sections)
All of the World, EU, ASEAN, APEC, North America, etc.
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Week 16-17
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- Unit structure of Global Trade Network
Basic theory
The WTO initiative for the global concept with “made in the World”
Developments of multinational companies and GVC
How to capture the developments of basic structures of the global
trade network using the new concept of value-added trade
Challenges to Applying the Global unit structure
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Week 18
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- Decoupling and Reorganization of World Trade caused by the Russia-Ukraine War and the US-China Friction
Visualization of Developments in the Global Trade Network
Motion pictures are demonstrated, using OECD’s database with
45 sectors and 67 countries/areas for 1995-2018.
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Resources
There is no specific textbook. Detailed references will be provided at lectures. Some of the selected references are as follows:
Selected References:
Notes: 1. Some of references listed below are based on econometric or mathematical analysis, while this lecture focuses on only their outlines (basic ideas, charts, results and policy implications) without touching details of econometrics and mathematics. 2. The lecturer will provide students with Excel files of all data employed in the lecture. 3. Upon request, the lecturer will provide students with PDF files of all articles and book chapters in the references below.
- Present Russian Economy
1. Kuboniwa, M. “Diagnosing the ‘Russian Disease’: Growth and Structure of the Russian Economy,” Comparative Economic Studies (published by Palgrave Macmillan) 54(1), pp.121-148. DOI:10.1057/ces.2012.1
2. Kuboniwa, M. “A Comparative Analysis of the Impact of Oil Prices on Oil-rich Emerging Economies in the Pacific Rim.” Journal of Comparative Economics (published by Elsevier) 42(2), 2014: 328-339. DOI: 10.1016/j.jce.2014.03.007
3. Kuboniwa, M. “The Impact of Oil Prices, Total Factor Productivity and Institutional Weakness on Russia’s Declining Growth,” in Susanne Oxenstierna ed., The Challenges for Russia’s Politicized Economic System, Routledge, 2015, pp. 113-127.
4. Kuboniwa, M. “Is There Impossible Mission Force for Development of Russian Manufacturing under Declining Oil Prices,” A paper presented at an international conference held in Tokyo, March 9, 2016.
5. Kuboniwa, M. “A Comparative Analysis of Trade in Value Added across the EU and Russia,” in Dallago, B. and Casagrande, S. eds., The Routledge Handbook of Comparative Economic Systems, Routledge, London, 2022, pp. 214-240.
- Global Trade Network
1. Xing, Y., and N. Detert. “How the iPhone Widens the United States Trade Deficit with the People’s Republic of China.” ADBI Working Paper No. 257. 2010.
Available at http://www.adb.org/sites/default/files/publication/156112/adbi-wp257.pdf
2. OECD’s Introduction to GVC
http://www.oecd.org/sti/ind/global-value-chains.htm
3. Elms, K., and P. Low eds. Global Value Chains in a Changing World, World Trade
Organization: Switzerland, 2013.
Available at https://www.wto.org/english/res_e/booksp_e/aid4tradeglobalvalue13_e.pdf
4. WTO and IDE-JETRO, Trade Patterns and Global Value Chains in East Asia:
From Trade in Goods to Trade in Tasks, World Trade Organization: Switzerland,
2011. Available at
https://www.wto.org/english/res_e/booksp_e/stat_tradepat_globvalchains_e.pdf
5. Koopman, R., Z. Wang, and S. Wei. 2014. “Tracing Value-Added and Double Counting in
Gross Exports.” American Economic Review (published by American Economic
Association) 104 (2), 2014:459–94. Doi:10.1257/aer.104.2.459.
6 .Kuboniwa, M. “Russia’s Global Value Chain Using Modified World Input-Output
Data.” Eastern European Economics (published by Taylor & Francis), 53 (4), 2015:
277-308. DOI:10.1080/00128775.2015.1077012
7. Kuboniwa, M. “Global Value Chains among Russia, China, the EU, the USA and Japan.”
paper presented at the European Association of Comparative Economic Studies,
Budapest, September 5, 2015.
Free databases
- Russian statistics available at http:/www.gks.ru
- The United Nations trade data available at
http://comtrade.un.org/db/
- The OECD inter-country input-output tables (ICIO2021) are available at
https://www.oecd.org/sti/ind/inter-country-input-output-tables.htm
- Groningen University Database for World Input-Output Data available at
http://www.wiod.org/new_site/data.htm
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