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Volume 9
Issue 4
10.3390/economies9040167
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Article

The Characteristics of Regional Value Chains in the Sector of Chemicals and Pharmaceutical Products in the EU

by
Ines Kersan-Škabić
1,* and
Alen Belullo
2
1
Department of National and International Economics, Faculty of Economics and Tourism “Dr. Mijo Mirković”, Juraj Dobrila University of Pula, 52100 Pula, Croatia
2
Department of Economic Theories, Faculty of Economics and Tourism “Dr. Mijo Mirković”, Juraj Dobrila University of Pula, 52100 Pula, Croatia
*
Author to whom correspondence should be addressed.
Economies 2021, 9(4), 167; https://doi.org/10.3390/economies9040167
Submission received: 4 August 2021 / Revised: 1 October 2021 / Accepted: 28 October 2021 / Published: 3 November 2021
(This article belongs to the Special Issue The Economics of Health Outbreaks and Epidemics)
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Abstract

The COVID-19 pandemic has impacted trade flows, causing a trade drop in 2020 that was especially sensitive for pharmaceutical and medical products necessary to ensure public health. The production of pharmaceutical products is dispersed in a framework of global value chains. This study aimed to provide a detailed analysis of the EU situation in the sector of production of chemical and pharmaceutical products, to discover the fragmentation of production chains within the EU as well as globally. International inter-country input–output tables were employed to disaggregate the value-added created in EU member states. The GVC and RVC participation indexes, backward and forward participation, length of sourcing, and selling value chains were calculated and compared with the main global hubs.
Keywords: chemical and pharmaceutical products; input–output tables; GVC and RVC participation and position; EU chemical and pharmaceutical products; input–output tables; GVC and RVC participation and position; EU

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MDPI and ACS Style

Kersan-Škabić, I.; Belullo, A. The Characteristics of Regional Value Chains in the Sector of Chemicals and Pharmaceutical Products in the EU. Economies 2021, 9, 167. https://doi.org/10.3390/economies9040167

AMA Style

Kersan-Škabić I, Belullo A. The Characteristics of Regional Value Chains in the Sector of Chemicals and Pharmaceutical Products in the EU. Economies. 2021; 9(4):167. https://doi.org/10.3390/economies9040167

Chicago/Turabian Style

Kersan-Škabić, Ines, and Alen Belullo. 2021. "The Characteristics of Regional Value Chains in the Sector of Chemicals and Pharmaceutical Products in the EU" Economies 9, no. 4: 167. https://doi.org/10.3390/economies9040167

APA Style

Kersan-Škabić, I., & Belullo, A. (2021). The Characteristics of Regional Value Chains in the Sector of Chemicals and Pharmaceutical Products in the EU. Economies, 9(4), 167. https://doi.org/10.3390/economies9040167

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