Determinants of Global Value Chain Participation: Cross-Country Evidence
Ana Fernandes (),
Hiau Looi Kee () and
No 8270, CESifo Working Paper Series from CESifo
The past decades witnessed big changes in international trade with the rise of global value chains. Some countries, such as China, Poland, and Vietnam rode the tide, while other countries, many in the Africa region, faltered. This paper studies the determinants of participation in global value chains, based on empirical evidence from a panel data set covering more than 100 countries over the past three decades. The evidence shows that factor endowments, geography, political stability, liberal trade policies, foreign direct investment inflows and domestic industrial capacity are very important in determining participation in global value chains. These factors affect participation in global value chains more than traditional exports.
Keywords: global value chain; factor endowments; trade policy; foreign direct investment; institutions (search for similar items in EconPapers)
JEL-codes: F13 F14 F23 O20 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-int, nep-sea and nep-tra
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Working Paper: Determinants of Global Value Chain Participation: Cross-Country Evidence (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_8270
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