Russia’s Participation in Global Value Chains: An Empirical Analysis

Abstract

The article considers the Global Value Chains (GVCs) methodological issues and quantify of Russia’s participation in GVCs. The theoretical frameworks and an overview of the literature are given. Special attention is given to the Leontief’ input-output tables, World Input-Output Database (WIOD), and introduced by authors indicator called “index of production participation The article summarizes assessment of trade in intermediate goods of the Russian manufacturing and international value-added chains of its sectors. The authors give their own vision of the Russian place in intermediate goods trade. It is shown that intermediate goods represents more about half the volume of world merchandise trade. The usefulness by the authors’ developed model is illustrated by applying it to intermediate goods of Russian manufacturing exports. Analytical and numerical results are presented. A quantitative assessment of Russia’ participation in GVCs based on the model are discussed.