Aggregation Bias in the Measurement of US Global Value Chains

Author:

Flaaen Aaron1,Kamal Fariha2,Lee Eunhee3,Yi Kei-Mu4

Affiliation:

1. Federal Reserve Board of Governors (email: )

2. US Census Bureau (email: )

3. Seoul National University (email: )

4. University of Houston, Federal Reserve Bank of Dallas, and NBER (email: ).

Abstract

This paper employs US census microdata to construct establishment-level measures of global value chains (GVCs) and then assesses aggregation bias—the bias occurring when an entire industry is essentially treated as a single establishment. Our establishment-level measures indicate little slowdown in GVC expansion between 2002 and 2012. Related, the aggregation bias is negative, and it increased during this period. A decomposition reveals that most of the increase is from within establishments with high export and import intensities. Our results suggest that granular GVC measures will provide further understanding about how firms and economies adjust to shocks.

Publisher

American Economic Association

Reference8 articles.

1. Measuring trade in value added with firm-level data

2. Factoryless Goods Producing Firms

3. Measuring the Share of Imports in Final Consumption

4. Flaaen, Aaron, Fariha Kamal, Eunhee Lee, and Kei-Mu Yi. 2024. "Global Value Chains: Firm-Level Evidence from US Manufacturing Firms." Unpublished.

5. The nature and growth of vertical specialization in world trade

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