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At a meeting of the Bureau of Economic Analysis (BEA) Advisory Committee, staff from BEA and the National Center for Science and Engineering Statistics (NCSES), National Science Foundation, described the upcoming release of and future plans for new official statistics on trade in value-added (TiVA). Slide presentations:
 
Tom Howells, BEA -- Trade in Value Added: Update on Work with NSF https://www.bea.gov/system/files/2021-11/Trade-in-Value-Added-Update-on-Work-with-NSF.pdf
Lucia Guci, NCSES -- Trade in Value Added Joint Project: the NCSES Perspective https://www.bea.gov/system/files/2021-11/Trade-in-Value-Added-Joint-Project-the-NCSES-Persepective.pdf
 
Discussant: Bill Powers, U.S. International Trade Commission -- Comments on “Trade in Value Added” https://www.bea.gov/system/files/2021-11/Comments-on-Trade-in-Value-Added.pdf  
 
Initial Results (2007-2020) to be released in Fall 2021:  
 
• Expanded SUT from current 71-to 81-industries, additions include: Semiconductors–Communications equipment–Aerospace products and parts–Pharmaceuticals and medicine–Navigation/measurement/electromedical equipment –Software publishers–Scientific R&D services
• Data will be provided for five countries/regions: Canada–Mexico–China–Europe–Rest of World   
 
What’s Next for TiVA?:
 
 • Year 2:  Possible publication at 140-industry level–Research possible estimation at 400-industry level–Continue work on extended supply-use tables
• Year 3:  Re-evaluate regional breakouts–Possible publication at 400-industry level–Move toward incorporation of extended supply-use tables
• And beyond:  Decomposition of value added into capital and labor services–Decomposition of capital services by type of asset–Real TiVA statistics–Hybrid model  
 
BEA invites input from economists on the following questions. Send comments to thomas.howells@bea.gov
 
Which industries should BEA consider prioritizing for future releases?
Which regional breakouts would be most beneficial to include in this dataset?
How should the data be organized and presented to maximize their accessibility and usefulness?
What can BEA do to inform data users of the uses and benefits of these new data?
  
Reference materials:  
 
APEC TiVA Initiative Report Two: Better Understanding Global Value Chains in the APEC Region (Feb 2021) https://www.apec.org/Publications/2021/02/APEC-TiVA-Initiative-Report-Two---Better-Understanding-Global-Value-Chains-in-the-APEC-Region
Methodologies of Constructing the APEC TiVA Database for Better Understanding Global Value Chains in the APEC Region (Nov 2019) https://www.apec.org/publications/2019/11/methodologies-of-constructing-the-apec-tiva-database  
BEA, Accounting for Firm Heterogeneity within U.S. Industries: Extended Supply-Use Tables and Trade in Value Added using Enterprise and Establishment Level Data (Dec 2018) https://www.bea.gov/research/papers/2018/accounting-firm-heterogeneity-within-us-industries-extended-supply-use-tables  
BEA, Estimating Extended Supply-Use Tables in Basic Prices with Firm Heterogeneity for the United States: A Proof of Concept (Dec 2018)  https://www.bea.gov/research/papers/2018/estimating-extended-supply-use-tables-basic-prices-firm-heterogeneity-united
UN Handbook on Accounting for Global Value Chains (May 2018) https://unstats.un.org/unsd/trade/events/2018/rome/default.asp  
 
Multi-country TiVA databases:   
 
OECD TiVA database https://www.oecd.org/sti/ind/measuring-trade-in-value-added.htm
Eora Global Supply Chain Database https://worldmrio.com/  
World Input-Output Database (WIOD) [archived]  https://www.rug.nl/ggdc/valuechain/wiod/

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