Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/201298 
Year of Publication: 
2013
Series/Report no.: 
ETLA Report No. 16
Publisher: 
The Research Institute of the Finnish Economy (ETLA), Helsinki
Abstract: 
This report summarizes 39 detailed ETLA case studies of global value chains (GVCs). The findings suggest that the value added in global value chains is less tied to their tangible aspects than what conventional wisdom suggests. Intangible aspects of GVCs tend to be more important, but their poor measurement in available statistics misguides. With the raise of GVCs, interests of governments and multinational enterprises operating within national borders are increasingly at odds, e.g., when it comes to transfer pricing practices. The evidence from Finland shows that misinterpreted (or ignored) transfer pricing rules have significant impacts on GDP and other macroeconomic measures. Since multinational enterprises, and GVCs they operate, have grown to dominate international trade, the focus of national policymakers should shift from companies and industries to tasks and functions that are conducted within national borders.
Subjects: 
Global value chains
Finland
Transfer pricing
Case studies
Economic policy
JEL: 
F23
L14
M11
Document Type: 
Research Report

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