Firm Volatility in an Era of Global Value Chain: The Role of Product Quality

Gideon Ndubuisi and Solomon Owusu

Working Papers from African Economic Research Consortium

Abstract: This paper examines the effect of global value chain (GVC) participation on firm job growth volatility and the role of product quality in shaping this relationship. We find robust evidence suggesting that embeddedness in GVC reduces firm volatility, especially for firms that produce and export higher-quality products in the value chain.

Date: 2025
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Note: African Economic Research Consortium
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