Global Value Chains and Structural Upgrading
Roman Stöllinger ()
No 138, wiiw Working Papers from The Vienna Institute for International Economic Studies, wiiw
Global value chains (GVCs) are increasingly seen as a part of the industrial policy toolkit as they facilitate the entry into global markets and MNEs have greater incentives to share knowledge within their production network. Making use of international input-output data for 53 countries, this paper investigates econometrically how countries’ participation in GVCs affects structural upgrading. A sizeable structural change bonus arising from increasing GVC trade is identified for emerging and transition economies. However, this bonus is not stronger for GVC trade than for trade in general. Therefore, the role of GVCs as an industrial policy tool should not be overestimated.
Keywords: structural upgrading; global value chains; cross-country production sharing; industrial policy; emerging and transition economies (search for similar items in EconPapers)
JEL-codes: F12 F60 O14 O25 (search for similar items in EconPapers)
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