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Does global value chain participation induce economic growth? Evidence from panel threshold regression

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  • Jithin P
  • Sania Ashraf
  • Zaghum Umar

Abstract

We investigate the threshold effects of GVC participation and its disaggregated level (forward and backward participation) on economic growth for 62 economies for the period 2000–2018. Our paper is one of the first to analyse the multiple regime effects of GVC participation on economic growth. We find that GVC participation positively impacts economic growth in a country with higher economic growth in both the aggregate and disaggregate analysis. Contemporaneously, it is negatively associated with economic growth in countries with lower economic growth. The coefficient value of forward participation for lower growing economies is higher in the first and second regime than the backward participation, which implies that forward participation has more deleterious effects on economic growth in the less developed and developing economies. The growth effects of forward and backward participation indicate that both have different effects on economic growth in the moderate growing economies, which implies that the direction of GVC participation does matter in determining economic growth in the moderate growing economies.

Suggested Citation

  • Jithin P & Sania Ashraf & Zaghum Umar, 2023. "Does global value chain participation induce economic growth? Evidence from panel threshold regression," Applied Economics, Taylor & Francis Journals, vol. 55(24), pages 2788-2800, May.
    • Handle: RePEc:taf:applec:v:55:y:2023:i:24:p:2788-2800
    DOI: 10.1080/00036846.2022.2106032
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    Cited by:

    1. Yu, Hui & Li, Huiru, 2023. "How does the global metal industry value network affect industrial structure upgrading ? The perspective of industry chain," Resources Policy, Elsevier, vol. 85(PB).
    2. Can Li & Qi He & Han Ji, 2023. "Can Global Value Chain Upgrading Promote Regional Economic Growth? Empirical Evidence and Mechanism Analysis Based on City-Level Panel Data in China," Sustainability, MDPI, vol. 15(15), pages 1-22, July.
    3. P., Jithin & Ashraf, Sania, 2023. "Global value chain participation and CO2 emissions: Does economic growth matter? New evidence from dynamic panel threshold regression," Energy Economics, Elsevier, vol. 128(C).
    4. Nana, Ibrahim & Tabe-Ojong, Martin Paul, 2023. "Evolution of Global Value Chains Participation and Economic Growth in Africa," Sustainable Global Supply Chains Discussion Papers 5, Research Network Sustainable Global Supply Chains.

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