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

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

Will Polish Goods Be Crowded Out by American Ones?

In this study, we analyse the potential substitution of Polish goods exported to the EU with American ones after tariffs are eliminated within the framework of TTIP (the so-called trade diversion effect). The survey covers the year 2014. Statistics (HS2 classification) come from TRAINS (tariffs) and COMTRADE (exports) databases. Trade diversion effect is possible only in the case of selected commodities and would be rather very limited

Will Polish Goods Be Crowded Out by American Ones?

In this study, we analyse the potential substitution of Polish goods exported to the EU with American ones after tariffs are eliminated within the framework of TTIP (the so-called trade diversion effect). The survey covers the year 2014. Statistics (HS2 classification) come from TRAINS (tariffs) and COMTRADE (exports) databases. Trade diversion effect is possible only in the case of selected commodities and would be rather very limited