Chemical industry and value-added trade – A comparative study on Hungary and Poland

Pawel Folfas; Beáta Udvari

doi:10.1556/032.2019.69.1.5

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Acta Oeconomica

Volume/Issue:: Volume 69: Issue 1

Chemical industry and value-added trade – A comparative study on Hungary and Poland

Authors:

Pawel Folfas

Pawel Folfas Pawel Folfas, Warsaw School of Economics, Collegium of World Economy, Warsaw, Poland.

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pawel.folfas@sgh.waw.pl

and

Beáta Udvari

Beáta Udvari Beáta Udvari, corresponding author. Faculty of Economics and Business Administration, Institute of Finance and International Economic Relations, University of Szeged, Hungary.

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udvari.beata@eco.u-szeged.hu

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Pages:: 81–99

Online Publication Date:: Mar 2019

Publication Date:: 01 Mar 2019

Article Category:: Journal Article

DOI:: https://doi.org/10.1556/032.2019.69.1.5

Keywords:: chemical industry; value-added trade; Hungary; Poland

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Nowadays, global production networks (GPN) and global value chains (GVC) play an important role in the world economy intensifying the trade and production networks and resulting in products having value-added in different countries. The analysis of how many intermediate products a country imports in order to produce a product and of how many products a country exports to another country in order to produce new products draws the attention to value-added trade. In the present study, we compare the Hungarian and Polish value-added trade of chemicals and chemical products. We use the OECD-WTO data of value-added trade, which is based on an input-output table. By calculating numerous indices, we reveal that the domestic value-added of chemicals and chemical products in the two countries was relatively low and should be increased by adequate economic policy.

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Acta Oeconomica Periodical of the Hungarian Academy of Sciences

Print ISSN:: 0001-6373

Online ISSN:: 1588-2659

Associate Editors

Péter Benczúr, Joint Joint Research Center, European Commission
Dóra Benedek, International Monetary Fund
Balázs Égert, OECD
Dániel Prinz, World Bank
Rok Spruk, University of Ljubljana, School of Economics and Business, Slovenia

Editorial Board

Anders Åslund, Georgetown University and Advisory Council of CASE, USA
István Benczes, Corvinus University of Budapest, Hungary
Agnieszka Chłoń-Domińczak, SGH Warsaw School of Economics, Poland
Fabrizio Coricelli, University of Siena, Italy
László Csaba, Corvinus University of Budapest, Hungary and Central European University, Austria
Beáta Farkas, Faculty of Economics and Business Administration, University of Szeged, Hungary
Péter Halmai, Budapest University of Technology and Economics, and National University of Public Service, Hungary
Martin Kahanec, Central European University, Austria
Michael Landesmann, The Vienna Institute for International Economic Studies (WIIW), Austria
Péter Mihályi, Corvinus University of Budapest, Hungary
Debora Revoltella, European Investment Bank

Corvinus University of Budapest
Department of Economics
Fővám tér 8 Budapest, H-1093, Hungary
E-mail: judit.kalman@uni-corvinus.hu

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2023
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Acta Oeconomica
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Acta Oeconomica
Language	English
Size	B5
Year of Foundation	1966
Volumes per Year	1
Issues per Year	4
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ISSN	0001-6373 (Print)
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