 Trade and Growth in the New Member States: The Role of Global Value ChainsEmerging Markets Finance and Trade, 2018, vol. 54, issue 11, 2630-2649 Abstract: We analyze the determinants of value-added and productivity growth of New Member States in the period between 1995 and 2009. We show that in the analyzed countries, exports contributed to roughly 30% to over 40% of the overall growth of GDP while the contribution of the domestic component varied from negative to over 60%. We show that in the most important export manufacturing industries of the NMS, the growth in exported value added was substantial, while the growth of the domestic component of GDP was mostly due to the growth in services. We associate growth of sectoral productivity with the foreign direct investment and exporting but, more importantly, with the position of a sector/country in the global value chains. We show that sectors that have imported intermediate goods have experienced higher productivity growth. Moreover, faster productivity growth was found in sectors further away from the final demand and in sectors exporting intermediate goods. Date: 2018 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:mes:emfitr:v:54:y:2018:i:11:p:2630-2649 Ordering information: This journal article can be ordered from DOI: 10.1080/1540496X.2017.1369878 Access Statistics for this article More articles in Emerging Markets Finance and Trade from Taylor & Francis Journals |
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