DIGITAL TRANSFORMATION AND THE RESTRUCTURING OF THE US ECONOMY SECTORAL SHIFTS AND IMPLICATIONS FOR GLOBAL VALUE CHAINS
DOI:
https://doi.org/10.18623/rvd.v23.6495Palabras clave:
Digital Transformation, Structural Change, Global Value Chains, Intangible Capital, Value Added Trade, United StatesResumen
This study examines how digital transformation reshapes the internal structure of the U.S. economy and how such structural changes influence its integration into global value chains (GVCs). Building on the structural transformation literature and the value added trade framework, the analysis integrates industry level capital deepening measures with value added trade indicators. Using a balanced panel of U.S. industries over the period 2005–2021, the study combines Bureau of Economic Analysis (BEA) industry accounts with OECD Trade in Value Added (TiVA) data to evaluate both direct and indirect channels linking digital transformation to GVC outcomes. The results indicate that digital capital deepening is systematically associated with shifts in sectoral value added and employment shares, particularly in knowledge and intangible intensive industries. Industries experiencing stronger digital accumulation exhibit higher domestic value added content in exports and deeper participation in global production networks. Moreover, part of the relationship between digital transformation and GVC indicators operates through compositional reallocation across sectors, consistent with a structural transmission mechanism. By embedding value added trade measures within a structural transformation framework, this study provides new evidence on how digital driven reallocation within a lead economy reshapes global production linkages.Citas
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