Do global value chains enhance or slog economic growth?

Jangam, Bhushan Praveen; Rath, Badri Narayan

doi:10.1080/00036846.2021.1897076

Cited by 22 publications

(13 citation statements)

References 70 publications

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“…Speci cally, (i) to investigate the effect of trade in global value chains on economic growth, (ii) to determine the differentiated effects of agricultural GVCs participation, manufacturing GVCs participation, services GVCs participation, backward GVCs and forward GVCs participation, and (iii) to test the complementary effect between RTA and GVCs on economic growth. Indeed, the literature suggests that GVCs have differentiated effects on domestic outputs depending on the nature and position of the country's participation in the value chains (Veeramani & Dhir, 2022;Jangam & Rath, 2021;Constantinescu et al, 2019). This research contributes to the existing literature in different ways.…”

Section: Introductionmentioning

confidence: 85%

Trade in global value chains as a driver for economic growth in ECOWAS: The complementary role of regional trade agreement Review of World Economics

Mamba

2022

Preprint

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The research analyzes the effects of global value chains (GVCs) on economic growth in the Economic Community of West African States (ECOWAS) during 1990–2020 by highlighting the complementarity role of the regional trade agreement (RTA). Unlike previous studies at the ECOWAS level, this research focuses on the specific aspect of trade in GVCs. This research also investigates the complementary role of RTA and uses a continuous index of RTA rather than dummy variables which are often employed. To control for the endogeneity issue, the research applies the instrumental variables approach. The findings indicate the positive effect of GVCs on growth but the effect of forward GVC participation is greater than that of backward GVCs. They also show the differentiated effects of agricultural, manufacturing, and services GVCs. Finally, the findings reveal that the effect of GVCs on growth increases with RTA. These findings have important policy implications. JEL Classification: E61, F1, O47

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Section: Introductionmentioning

confidence: 85%

Trade in global value chains as a driver for economic growth in ECOWAS: The complementary role of regional trade agreement Review of World Economics

Mamba

2022

Preprint

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“…There is a growing consensus that the emergence of GVC represents a remarkable opportunity for promoting the ongoing transformations in developing countries [ 8 , 9 ]. GVC provides firms in developing countries with increased access to international markets, higher-quality inputs and technology transfer, which can give rise to research and development (R&D) spillovers, productivity improvements and growth [ 10 , 11 ]. Specifically, increased GVC participation allows firms to effectively and efficiently utilize the diverse knowledge they could acquire from their GVC partners, which can be considered as one of the most valuable resources in upgrading their technology and strengthening innovation capacity [ 12 , 13 , 14 ].…”

Section: Literature Reviewmentioning

confidence: 99%

Global Value Chain Participation and Green Innovation: Evidence from Chinese Listed Firms

Meng

Yan

2022

IJERPH

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Green innovation is one of the most important approaches to prevent environmental pollution and foster sustainable development. Embedded in the global production networks, manufacturing firms have been found not only to be the main drivers of innovation but also the main polluters in developing countries. However, relatively few studies have systematically considered the effect of global value chain (GVC) participation on green innovation in the context of developing countries. By using a panel dataset of Chinese listed manufacturing firms, this study conducts panel data fixed-effect analyses and uses the instrumental variable two-stage least square model to investigate the effect of GVC participation on firms’ green innovation performance. The results show that increased GVC participation leads to improved green innovation performance of Chinese firms. Meanwhile, further heterogeneity analyses show that the impact of GVC participation on green innovation is more pronounced for firms with greater financial constraints, state-owned firms and firms in labor- or pollution-intensive industries, located in the eastern regions of China. Therefore, this study sheds light on the implication that actively participating in GVC is the key to promoting sustainable growth when facing the need for transformation in developing countries.

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“…GVC juga dikaitkan dengan pertumbuhan ekonomi, perluasan lapangan kerja, dan pekerjaan yang lebih baik di kegiatan-kegiatan manufaktur yang lebih produktif, sehingga mengurangi kemiskinan (Bank Dunia, 2020). Hubungan antara GVC dengan pertumbuhan ekonomi dimediasi melalui kebijakan-kebijakan yang mendukung terkait kestabilan moneter, hak milik, logistik, integritas pemerintahan, kemudahan berbisnis (ease of doing business), dan investasi (Jangam & Rath, 2021).…”

Section: Manfaat Dan Risiko Rantai Nilai Globalunclassified

Perdagangan untuk Pemulihan Ekonomi: Kebijakan Impor untuk Mendukung Sektor Makanan dan Minuman Indonesia

Amanta¹,

Gupta²

2022

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Do global value chains enhance or slog economic growth?

Cited by 22 publications

References 70 publications

Trade in global value chains as a driver for economic growth in ECOWAS: The complementary role of regional trade agreement Review of World Economics

Trade in global value chains as a driver for economic growth in ECOWAS: The complementary role of regional trade agreement Review of World Economics

Global Value Chain Participation and Green Innovation: Evidence from Chinese Listed Firms

Perdagangan untuk Pemulihan Ekonomi: Kebijakan Impor untuk Mendukung Sektor Makanan dan Minuman Indonesia

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