총무역(Gross Trade)과 부가가치 무역(Trade in Value Added, TiVA) 데이터 비교연구

A Comparative Study on the Gross Trade and the Trade in Value Added (TiVA) Data

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.