Asian Experiences with Global and Regional Value Chain Integration and Structural Change

Roman Stöllinger

No 436, wiiw Research Reports from The Vienna Institute for International Economic Studies, wiiw

Abstract: This research report investigates the relationship between the growing integration into global and regional value chains (VCs) and structural change in the South and South East Asian (SEA) region. The analysis includes a sample of 60 developed and developing countries covered in the OECD’s Inter-Country Input-Output Tables. Focusing on the SEA region, we find the usual inverted U-shaped relationship between the manufacturing share and per capita income. With regards to the impact of growing VC integration, the econometric results suggest a small positive effect of the overall VC integration on the change in the manufacturing share at the global level. Very similar patterns are found for the South and South East Asian region, however, with a large degree of country heterogeneity. The main beneficiaries from VC integration in the region in terms of the relative importance of manufacturing in the economy include for example Korea and Thailand. Unexpectedly, no significant differences in the (manufacturing-related) structural impacts of regional and global VCs could be identified.

Keywords: global value chains; structural change; competitiveness; economic development (search for similar items in EconPapers)
JEL-codes: F15 F60 F63 O19 O25 (search for similar items in EconPapers)
Pages: 61 pages including 26 Tables and 10 Figures
Date: 2018-12
New Economics Papers: this item is included in nep-int, nep-sea and nep-tid
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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