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Global Value Chains (Gvcs) And Economic Growth: A Nonlinear Analysis

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  • ZHUQING MAO

    (DST/NRF South African Research Chair in Industrial Development, College of Business and Economics, University of Johannesburg, 31 Henley Road, Auckland Park, Johannesburg 2092, South Africa)

Abstract

This study examines the relationship between economic growth and participation in global value chains (GVCs) and demonstrates that the U-shaped nonlinear pattern of GVCs could be more effective than the simple linear pattern of GVCs in terms of economic growth in high- and middle-income economies. The U-shaped nonlinear pattern expresses that an economy decreases foreign dominated GVCs (increases domestic value chains) for building local value chains and then raises the GVCs participation to benefit at a better position in GVCs. This paper investigates a panel of 63 advanced and emerging economies and obtained significant evidence by using systemic quantitative analysis. This research suggests that emerging markets should decrease foreign-dominated GVCs (increase high value-added domestic value chain) and then raise the participation of the GVC for economic growth.

Suggested Citation

  • Zhuqing Mao, 2022. "Global Value Chains (Gvcs) And Economic Growth: A Nonlinear Analysis," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 67(03), pages 985-1004, June.
    • Handle: RePEc:wsi:serxxx:v:67:y:2022:i:03:n:s0217590821450028
    DOI: 10.1142/S0217590821450028
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    Citations

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    Cited by:

    1. Keping Men & Hui Sun & Minglong Kou, 2022. "Global Value Chains and Spatial Spillovers of Economic Growth—Based on the Perspective of Participation and Status Index in Global Value Chain," Sustainability, MDPI, vol. 14(23), pages 1-18, November.
    2. Upalat Korwatanasakul, 2023. "Thailand and the Middle-Income Trap: An Analysis from the Global Value Chain Perspective," PIER Discussion Papers 202, Puey Ungphakorn Institute for Economic Research.
    3. Hammoudeh, Shawkat & Tiwari, Aviral Kumar & Abakah, Emmanuel Joel Aikins & Adeabah, David, 2023. "Global value chains in sub-Saharan Africa: The role of business regulations, policies and institutions," Emerging Markets Review, Elsevier, vol. 57(C).
    4. 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).
    5. Can Li & Qi He & Han Ji & Shengguo Yu & Jiao Wang, 2023. "Reexamining the Impact of Global Value Chain Participation on Regional Economic Growth: New Evidence Based on a Nonlinear Model and Spatial Spillover Effects with Panel Data from Chinese Cities," Sustainability, MDPI, vol. 15(18), pages 1-31, September.

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