Global Value Chains (GVCs) participation patterns and impacts on productivity growth in the Asian economies

Jagannath Mallick and Anqi Zhang

Journal of the Asia Pacific Economy, 2022, vol. 27, issue 3, 495-514

Abstract: The paper examines the dynamic impact of GVCs on productivity growth in 14 Asian economies, from 1995 to 2016. OECD and Asia Productivity Organisation data show that in the last few decades there has been a rapid expansion of GVCs in the majority of the Asian economies. We employ the panel Auto-regressive Distributed Lag method to empirically evaluate the impact of GVCs participation on ‘total factor productivity growth’ and ‘labor productivity growth’. The empirical results point to the significant effect of GVCs on domestic productivity growth in the long run in the selected Asian economies, while the effect on labor productivity growth is larger than that on total factor productivity growth. However, GVCs does not affect it in the short-run. If excluded the six high-income economies and only focused on the middle-income countries, we find forward GVCs promotes domestic productivity in long run, while the backward GVCs does not.

Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/13547860.2022.2080428 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:rjapxx:v:27:y:2022:i:3:p:495-514

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rjap20

DOI: 10.1080/13547860.2022.2080428

Access Statistics for this article

Journal of the Asia Pacific Economy is currently edited by Leong Liew

More articles in Journal of the Asia Pacific Economy from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().