Abstract
One of the most important changes in global business is that global value chains are more fragmented and expanding simultaneously. To explain these complicated international business activities, the OECD-WTO initiated a project to develop a new data set called trade in value added (TiVA) because traditional trade data measured by gross flows of goods and services each and every time they cross borders may provide inappropriate information. This study calculated Korean manufacturing’s export competitiveness based on the trade specification index and revealed comparative advantages that compare different outcomes using traditional trade data and TiVA. Although TiVA may be more relevant in explaining current trade activities at some point, more studies will be required to refine the use of TiVA as a fundamental data set to help develop firm strategies and governmental policies.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
