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A Comparative Study of China-U.S. Tourism Characteristic Industry GVC1 Embedment Degree

DOI: 10.4236/ajibm.2018.86104, PP. 1549-1555

Keywords: China-U.S., Tourism Characteristic Industry, GVC Embedment Degree

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Abstract:

As the largest branch of service trade, tourism trade has contributed continuously to the global economy. Starting from the related departments of tourism trade, this article used the method of Wang et al. (2013) to conduct value-added decomposition of the global input-output table for the period 2000-2014 and measured the GVC position and GVC participation index between China and the United States for first time. The author just intends to consider the related tourism industries, but it didn’t integrate the related industries to a complete tourism industry. The comparative study found that Chinas road transportation sector has advantage over the United States’, but overall the GVC position and GVC participation index of China tourism characteristic departments are less than the United States’. For the whole embedment degree of GVC, there is still a gap between China and the United States.

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