Global Value Chain Participation And The Technology Structure Of Exports: Experience From The Central And Southeast European Countries

Bojan Shimbov (), Andrea Éltető () and Maite Alguacil ()
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Bojan Shimbov: University Jaume I, Institute of International Economics & Department of Economics
Andrea Éltető: Institute of World Economics, CERS Hungarian Academy of Sciences
Maite Alguacil: University Jaume I, Institute of International Economics & Department of Economics

No 12, Proceedings of the 5th International Conference "Economic and Business Trends Shaping the Future" 2024 from Faculty of Economics-Skopje, Ss Cyril and Methodius University in Skopje

Abstract: Producing and incorporating technologically complex goods in the production process is a fundamental pillar to achieving long-term economic development. In this sense, integration into the global production and trade networks is viewed by many countries as a way to achieve this technological improvement. This paper examines the relationship between global value chain (GVC) integration and technology absorption through trade in high-tech products of Central and Southeast European countries over the period 1996-2019. We construct a GVC participation measure applying the latest Broad Economic Categories (BEC) classification that distinguishes between generic and specific intermediate goods. We also analyse the technology structure of exports at a country level and the sectoral level. Using panel data estimation techniques, we find that higher participation in GVCs enhances the export of high-tech products at both country and sectoral levels. This result is robust to different regression models including the use of lagged control variables and instrumental variables.

Keywords: Global Value Chains; Technology Structure of Exports; Central and Southeastern European countries (search for similar items in EconPapers)
JEL-codes: C23 C26 F14 F60 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2024-12-15
New Economics Papers: this item is included in nep-eec
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