The impact of regulatory distance from global standards on a country’s centrality in global value chains

Tomohiko Inui, Kenta Ikeuchi, Ayako Obashi () and Qizhong Yang

International Economics, 2021, vol. 166, issue C, 95-115

Abstract: We examine whether and how a country’s centrality in global value chains (GVCs) is dependent upon the extent to which its regulatory regime differs from the global norm, using country and sector-level data from OECD and UNCTAD. We find that the more similar a country’s regulatory regime is to global standards the more likely the country is to play a dominant role in GVCs. Our findings suggest that a country could enhance its centrality in GVCs by harmonising a set of technical regulations to the global standards.

Keywords: Non-tariff measure; Regulatory distance; Centrality in global value chains (search for similar items in EconPapers)
JEL-codes: F13 F14 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:inteco:v:166:y:2021:i:c:p:95-115

DOI: 10.1016/j.inteco.2021.03.001

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