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The Environmental Patents, Changing Investment, Trade Landscape, and Factors Contributing to Sustainable GVCs Participation: Evidence from Emerging Market Countries

Liuyang Xu (), Muhammad Nadeem () and Zilong Wang ()
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Liuyang Xu: College of Economics and Management, Nanjing University of Aeronautics and Astronautics, Nanjing 210016, China
Muhammad Nadeem: College of Economics and Management, Nanjing University of Aeronautics and Astronautics, Nanjing 210016, China
Zilong Wang: College of Economics and Management, Nanjing University of Aeronautics and Astronautics, Nanjing 210016, China

Sustainability, 2022, vol. 14, issue 11, 1-19

Abstract: Over the last two decades, the global investment and trade landscape has been transformed to include emerging economies. Theoretical studies have shown that countries can benefit from various channels to participate/integrate into global value chains. However, little is known empirically about the factors that determine the country-level and bilateral participation of emerging market countries in global value chains. We apply the generalized method of moments and fixed-effects approaches to the Eora-MRIO global value chains database to fill this research gap for twenty-three emerging market countries from 1995 to 2018. Key findings indicate that the most important determinants of country-level participation in global value chains are the country’s environmental patents and its level of economic development. Other indicators are positively associated with global value chain participation, if not determinative. The results of a gravity model for bilateral global value chains participation show that geographic proximity and policy and environmental measures are positively associated with value-added trade. These results provide insights and lessons for investors and emerging economies in creating or joining sustainable value chain activities.

Keywords: environmental patents; economic development; sustainable global value chains; emerging market countries (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
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