Austria's 'trade in value added' (project)

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Austria's 'trade in value added'

Client/Funding Institution

Austrian Ministry of Economy, Family and Youth

Abstract

In this study we use the recently developed World Input-Output Database (WIOD) to calculate a series of indicators shedding light on trade patterns from this perspective of global production. With these indicators we develop a ‘country trade statistical profile’ for Austria which will provide a complete picture of Austria’s position in the global economy and changes in this position over time (1995-2009 with a potential update until 2011) both at the aggregate and industry level. Austria’s trade statistical profile includes inter alia Austria’s degree of vertical specialisation in exports and imports, Austria’s export market shares in terms of value added trade as well as domestic employment effects associated with international production sharing and offshoring. All results are compared to peer countries and in all cases developments over time are tracked. Finally, the crisis-related trade collapse starting in 2009 is re-calculated at the basis of value added exports and compared with the registered slump in standard trade data.