Do global value chains enhance or slog economic growth?

Jangam, Bhushan Praveen and Rath, Badri Narayan (2021) Do global value chains enhance or slog economic growth? Applied Economics. pp. 1-18. ISSN 0003-6846

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This paper examines the link between trade and economic growth by emphasizing on recent progress of global value chains (GVCs) for a sample of 58 countries over the period 2005–2015. The findings show that trade and in particular trade linked to GVCs spurs economic growth. However, the impact of GVC engagement on economic growth is diverse as we broaden our analysis to sectoral level. The study also notes that the benefits associated with regional value chains are higher. Furthermore, functional specialization in trade also plays a key role in improving growth. Therefore, policies to promote the GVC engagement and strengthening the domestic fundamentals should be the aim for countries to further benefit from trade.

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IITH Creators:
IITH CreatorsORCiD
Rath, Badri Narayan
Item Type: Article
Uncontrolled Keywords: economic growth; Global value chain trade; GMM; technology intensive industries
Subjects: Social sciences
Social sciences > Political Science & Economics
Divisions: Department of Liberal Arts
Depositing User: . LibTrainee 2021
Date Deposited: 08 Jul 2021 04:39
Last Modified: 08 Jul 2021 04:39
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