The Role of Innovation in Upgrading in Global Value Chains

Hyelin Choi, Semin Kim and Taehwan Jung

Global Economic Review, 2019, vol. 48, issue 3, 273-283

Abstract: We examine the role of innovative efforts in industries from the perspective of global value chains (GVCs). We set up a simple model and empirically test it using patent and bilateral export decomposition data. The model shows that innovative activities assumed to decrease the cost of conducting high-skilled tasks can upgrade the position of the industry in GVCs. This is also supported by data on patents and GVC-related data from the OECD and the Asian Development Bank. The empirical results reveal that a higher number of patent applications are closely related to more production of intermediate goods rather than assembly.

Date: 2019
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DOI: 10.1080/1226508X.2019.1636703

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