Do global value chains enhance or slog economic growth?

References

• Afonso, A., and D. Furceri. 2010. “Government Size, Composition, Volatility and Economic Growth.” European Journal of Political Economy 26 (4): 517–532. doi:10.1016/j.ejpoleco.2010.02.002.
   Web of Science ®Google Scholar
• Alvarez, F. E., F. J. Buera, and R. E. Lucas. (2013). “Idea Flows, Economic Growth, and Trade.” NBER Working Papers 19667, National Bureau of Economic Research.
   Google Scholar
• Amiti, M., and S. ‐. J. Wei. (2009). “Service Offshoring and Productivity: Evidence from the US. World Economy.” 32: 203–220.
   Google Scholar
• Antras, P., and E. Helpman. 2004. “Global Sourcing.” Journal of Political Economy 112 (3): 552–580. doi:10.1086/383099.
   Web of Science ®Google Scholar
• Baldwin, R. E., H. Braconier, and R. Forslid. 2005. “Multinationals, Endogenous Growth, and Technological Spillovers: Theory and Evidence.” Review of International Economics 13 (5): 945–963. doi:10.1111/j.1467-9396.2005.00546.x.
   Google Scholar
• Ben-David, D., and M. Loewy. 1998. “Free Trade, Growth, and Convergence.” Journal of Economic Growth 3 (2): 143–170. doi:10.1023/A:1009705702579.
   Google Scholar
• Bernard, A., and J. Jensen. 1995. “Exporters, Jobs, and Wages in U.S. Manufacturing: 1976-1987.” Brookings Papers on Economic Activity 26: 67–119. doi:10.2307/2534772.
   Google Scholar
• Blejer, M. I., and M. S. Khan. 1984. “Government Policy and Private Investment in Developing Countries.” Staff Papers, International Monetary Fund (Washington) 31 (2): 379–403. doi:10.2307/3866797.
   Google Scholar
• Blundell, R. W., and S. Bond. 1998. “Initial Conditions and Moment Restrictions in Dynamic Panel Data Models.” Journal of Econometrics 87 (1): 115–143. doi:10.1016/S0304-4076(98)00009-8.
   Web of Science ®Google Scholar
• Bond, S. 2002. “Dynamic Panel Data Models: A Guide to Micro Data Methods and Practice.” Portuguese Economic Journal 1 (2): 141–162. doi:10.1007/s10258-002-0009-9.
   Google Scholar
• Borin, A., and M. Mancini (2019). “Measuring What Matters in Global Value Chains and Value-added Trade.” World Bank Policy Research Working Paper No. 8804.
   Google Scholar
• Broda, C., and D. E. Weinstein. 2006. “Globalization and the Gains from Variety.” The Quarterly Journal of Economics 121 (2): 541–585. doi:10.1162/qjec.2006.121.2.541.
   Web of Science ®Google Scholar
• Bruns, S. B., and J. P. A. Ioannidis. 2020. “Determinants of Economic Growth: Different Time Different Answer?” Journal of Macroeconomics 63 (C): 103185. doi:10.1016/j.jmacro.2019.103185.
   Web of Science ®Google Scholar
• Cainelli, G., R. Ganau, and A. Giunta. 2018. “Spatial Agglomeration, Global Value Chains, and Productivity: Micro-evidence from Italy and Spain.” Economics Letters 169: 43–46. doi:10.1016/j.econlet.2018.04.020.
   Web of Science ®Google Scholar
• Chang, R., L. Kaltani, and N. V. Loayza. 2009. “Openness Can Be Good for Growth: The Role of Policy Complementaries.” Journal of Development Economics 90 (1): 33–49. doi:10.1016/j.jdeveco.2008.06.011.
   Web of Science ®Google Scholar
• Coe, D., E. Helpman, and A. Hoffmaister. 1997. “North-South R&D Spillovers.” The Economic Journal 107 (440): 134–149. doi:10.1111/1468-0297.00146.
   Web of Science ®Google Scholar
• Coe, N. M., and H. W-C Yeung. 2015. Global Production Networks: Theorizing Economic Development in an Interconnected World. Oxford: Oxford University Press.
   Google Scholar
• Coe, N. M., P. Dicken, and M. Hess. 2008. “Global Production Networks: Realizing the Potential.” Journal of Economic Geography 8 (3): 271–295. doi:10.1093/jeg/lbn002.
   Web of Science ®Google Scholar
• Constantinescu, C., A. Mattoo, and M. Ruta. 2019. “Does Vertical Specialisation Increase Productivity?” The World Economy 42 (8): 2385–2402. doi:10.1111/twec.12801.
   Web of Science ®Google Scholar
• Crespi, G., C. Criscuolo, and J. Haskel. 2008. “Productivity, Exporting, and Learning by Exporting Hypothesis: Direct Evidence from UK Firms.” Canadian Journal of Economics 41 (2): 619–638. doi:10.1111/j.1540-5982.2008.00479.x.
   Web of Science ®Google Scholar
• Crino, R. 2012. “Service Offshoring and the Skill Composition of Labour Demand.” Oxford Bulletin of Economics and Statistics 74 (1): 20–57. doi:10.1111/j.1468-0084.2010.00634.x.
   Web of Science ®Google Scholar
• Criscuolo, C., and J. Timmis. 2017. “The Relationship between Global Value Chains and Productivity.” International Productivity Monitor, Centre for the Study of Living Standards 32: 61–83.
   Web of Science ®Google Scholar
• De Backer, K., and D. Flaig. 2017. “The Future of Global Value Chains: Business as Usual or a New Normal?” OECD Science, Technology and Industry Policy Papers, No. 41, OECD Publishing, Paris, doi:10.1787/d8da8760-en.
   Google Scholar
• De Vries, G., Q. Chen, R. Hasan, and Z. Li. 2019. “Do Asian Countries Upgrade in Global Value Chains? A Novel Approach and Empirical Evidence.” Asian Economic Journal 33 (1): 13–37. doi:10.1111/asej.12166.
   Web of Science ®Google Scholar
• Didier, B. T., and M. Pinat 2017. “The Nature of Trade and Growth Linkages.” Policy Research working paper no. 8161. Washington, D. C. World Bank Group.
   Google Scholar
• Ehab, M., and C. R. Zaki. 2020. “Global Value Chains and Service Liberalization: Do They Matter for Skill-upgrading?” Applied Economics 1–19. doi:10.1080/00036846.2020.1830938.
   Web of Science ®Google Scholar
• Eilat, Y., and L. Einav. 2004. “Determinants of International Tourism: A Three-dimensional Panel Data Analysis.” Applied Economics 36 (12): 1315–1327. doi:10.1080/000368404000180897.
   Web of Science ®Google Scholar
• Erum, N., and S. Hussain. 2019. “Corruption, Natural Resources and Economic Growth: Evidence from OIC Countries.” Resources Policy 63: 101429. doi:10.1016/j.resourpol.2019.101429.
   Web of Science ®Google Scholar
• Escaith, H., and S. Inomata. 2011. Trade Patterns and Global Value Chains in East Asia: From Trade in Goods to Trade in Tasks. Geneva: IDE JETRO and World Trade Organization.
   Google Scholar
• Feenstra, R., and G. Hanson. 1996. “Foreign Investment, Outsourcing, and Relative Wages.” In Political Economy of Trade Policy: Essays in Honor of Jagdish Bhagwati, edited by R. Feenstra, G. Grossman, and D. Irwin. Cambridge: MIT Press 89–127.
   Google Scholar
• Feenstra, R. C. 1996. “Trade and Uneven Growth.” Journal of Development Economics 49 (1): 229–256. doi:10.1016/0304-3878(95)00059-3.
   Web of Science ®Google Scholar
• Feenstra, R. C., J. R. Markusen, and A. K. Rose. 2001. “Using the Gravity Equation to Differentiate among Alternative Theories of Trade.” Canadian Journal of Economics 34 (2): 430–447. doi:10.1111/0008-4085.00082.
   Web of Science ®Google Scholar
• Florensa, L. M., L. Márquez-Ramos, I. Martínez-Zarzoso, and M. L. Recalde. 2015. “Regional versus Global Production Networks: Where Does Latin America Stand?” Applied Economics 47 (37): 3938–3956. doi:10.1080/00036846.2015.1023938.
   Web of Science ®Google Scholar
• Freund, C., and M. D. Pierola. 2012. “Export Surges.” Journal of Development Economics 97 (2): 387–395. doi:10.1016/j.jdeveco.2011.06.008.
   Web of Science ®Google Scholar
• Gluzmann, P. A., and E. Levy-Yeyati; Sturzenegger. 2012. “Exchange Rate Undervaluation and Economic Growth: Diaz Alejandro (1965) Revisited.” Economics Letters 117 (3): 666–672. doi:10.1016/j.econlet.2012.07.022.
   Web of Science ®Google Scholar
• Greenaway, D., W. Morgan, and P. Wright. 2002. “Trade Liberalisation and Growth in Developing Countries.” Journal of Development Economics 67 (1): 229–244. doi:10.1016/S0304-3878(01)00185-7.
   Web of Science ®Google Scholar
• Grossman, G. M., and E. Helpman. 1991a. Innovation and Growth in the Global Economy. Cambridge, MA: MIT Press.
   Google Scholar
• Grossman, G. M., and E. Helpman. 1991b. “Trade, Knowledge Spillovers, and Growth.” European Economic Review 35 (2–3): 517–526. doi:10.1016/0014-2921(91)90153-A.
   Web of Science ®Google Scholar
• Grossman, G. M., and E. Rossi-Hansberg. 2008. “Trading Tasks: A Simple Theory of Offshoring.” American Economic Review 98 (5): 1978–1997. doi:10.1257/aer.98.5.1978.
   Web of Science ®Google Scholar
• Halpern, L., M. Koren, and A. Szeidl. 2015. “Imported Inputs and Productivity.” American Economic Review 105 (12): 3660–3703. doi:10.1257/aer.20150443.
   Web of Science ®Google Scholar
• Hausmann, R., and C. A. Hidalgo. 2011. “The Network Structure of Economic Output.” Journal of Economic Growth 16 (4): 309–342. doi:10.1007/s10887-011-9071-4.
   Web of Science ®Google Scholar
• Henderson, J., P. Dicken, M. Hess, N. Coe, and H. W.-C. Yeung. 2002. “Global Production Networks and the Analysis of Economic Development.” Review of International Political Economy 9 (3): 436–464. doi:10.1080/09692290210150842.
   Web of Science ®Google Scholar
• Hummels, D., J. Ishii, and K. M. Yi. 2001. “The Nature and Growth of Vertical Specialisation in World Trade.” Journal of International Economics 54 (1): 75–96. doi:10.1016/S0022-1996(00)00093-3.
   Web of Science ®Google Scholar
• Humphrey, J., and H. Schmitz. 2002. “How Does Insertion in Global Value Chains Affect Upgrading in Industrial Clusters?” Regional Studies 36 (9): 1017–1027. doi:10.1080/0034340022000022198.
   Web of Science ®Google Scholar
• Irsova, Z., and T. Havránek. 2013. “Determinants of Horizontal Spillovers from FDI: Evidence from a Large Meta-analysis.” World Development 42: 1–15. doi:10.1016/j.worlddev.2012.07.001.
   Web of Science ®Google Scholar
• Javorcik, S. B. 2004. “Does Foreign Direct Investment Increase the Productivity of Domestic Firms? In Search of Spillovers through Backward Linkages.” American Economic Review 94 (3): 605–627. doi:10.1257/0002828041464605.
   Web of Science ®Google Scholar
• Jones, R. W., and H. Kierzkowski. 1990. “The Role of Services in Production and International Trade: A Theoretical Framework.” In The Political Economy of International Trade, edited by R. Jones and A. Krueger. Oxford: Basil Blackwell 31–48.
   Google Scholar
• Jouini, J. 2015. “Linkage between International Trade and Economic Growth in GCC Countries: Empirical Evidence from PMG Estimation Approach.” The Journal of International Trade and Economic Development 24 (3): 341–372. doi:10.1080/09638199.2014.904394.
   Web of Science ®Google Scholar
• Koopman, R., Z. Wang, and S. Wei. 2014. “Tracing Value-added and Double Counting in Gross Exports.” American Economic Review 104 (2): 459–494. doi:10.1257/aer.104.2.459.
   Web of Science ®Google Scholar
• Krugman, P. 1981. “Intra Industry Specialization and the Gains from Trade.” Journal of Political Economy 89 (5): 959–973. doi:10.1086/261015.
   Web of Science ®Google Scholar
• Lall, S.2000. “The Technological Structure and Performance of Developing Country Manufactured Exports, 1985‐98”. Oxford Development Studies 28 (3): 337-369. doi:10.1080/713688318.
   Google Scholar
• Lederman, D. 1996. The Sources of Economic Growth: A Survey from A Latin America Perspective. Washington, DC: Office of the Chief Economist for Latin America and the Caribbean Region, World Bank.
   Google Scholar
• Lopez-Gonzalez, J., P. Kowalski, and P. Achard (2015). “Trade, Global Value Chains and Wage-income Inequality.” OECD Trade Policy Papers, No. 182, OECD Publishing, Paris. doi:10.1787/5js009mzrqd4-en.
   Google Scholar
• Lucas, R. E. 1988. “On the Mechanic of Economic Development.” Journal of Monetary Economics 46 (1): 167–182.
   Google Scholar
• Marcolin, L., S. Miroudot, and M. Squicciarini. (2016). “GVCs, Jobs and Routine Content of Occupations.” OECD Trade Policy Papers, No. 187, OECD Publishing, Paris, doi:10.1787/5jm0mq7kr6s8-en.
   Google Scholar
• Miroudot, M., and M. Ye (2018). “A Simple and Accurate Method to Calculate Domestic and Foreign Value-added in Gross Exports.” MPRA Paper 89907, University Library of Munich, Germany.
   Google Scholar
• Missio, F. J., and F. G. Jayme Jr. 2012. “Structural Heterogeneity and Endogeneity of Elasticities on the Balance of Payments Constrained Growth Model.” In Models of Balance of Payments Constrained Growth, edited by E. Souziakis and P. Cerqueira, 1st ed. Vol. 1, 239–267. London:Palgrave.
   Google Scholar
• Musila, J. W., and Z. Yiheyis. 2015. “The Impact of Trade Openness on Growth: The Case of Kenya.” Journal of Policy Modeling 37 (2): 342–354. doi:10.1016/j.jpolmod.2014.12.001.
   Web of Science ®Google Scholar
• OECD. 2013. Interconnected Economies: Benefiting from Global Value Chains. Paris: OECD Publishing. doi:10.1787/9789264189560-en.
   Google Scholar
• Parente, S., and E. Prescott. 1994. “Barriers to Technology Adoption and Development.” Journal of Political Economy 102 (2): 298–321. doi:10.1086/261933.
   Web of Science ®Google Scholar
• Pavlínek, P., and P. Žížalová. 2016. “Linkages and Spillovers in Global Production Networks: Firm-level Analysis of the Czech Automotive Industry.” Journal of Economic Geography 16 (2): 331–363. doi:10.1093/jeg/lbu041.
   Web of Science ®Google Scholar
• Peretto, P., and S. Valente. 2011. “Resources, Innovation and Growth in the Global Economy”. Journal of Monetary Economics58 (4): 387–399. doi:10.1016/j.jeem.2012.01.008.
   Web of Science ®Google Scholar
• Perla, J., C. Tonetti, and M. E. Waugh. 2015. “Equilibrium Technology Diffusion, Trade, and Growth.” NBER Working Papers 20881, National Bureau of Economic Research.
   Google Scholar
• Rivera-Batiz, L. A., and P. M. Romer. 1991. “International Trade with Endogenous Technological Change.” European Economic Review 35 (4): 971–1004. doi:10.1016/0014-2921(91)90048-N.
   Web of Science ®Google Scholar
• Rodrik, D. (1992). “The Rush to Free Trade in the Developing World: Why so Late? Why Now? Will It Last?” NBER Working Paper No. 3947.
   Google Scholar
• Rodrik, D. 2008. “The Real Exchange Rate and Economic Growth.” Brookings Papers on Economic Activity 39 (2): 365–439.
   Google Scholar
• Romer, P. M. 1990. “Endogenous Technological Change.” Journal of Political Economy 98 (5, Part 2): 71–102. doi:10.1086/261725.
   Web of Science ®Google Scholar
• Sachs, J. D., and A. Warner. 1999. “The Big Push, Natural Resource Booms and Growth.” Journal of Development Economics 59 (1): 43–76. doi:10.1016/S0304-3878(99)00005-X.
   Web of Science ®Google Scholar
• Sanyal., K. K., and R. W. Jones. 1982. “The Theory of Trade in Middle Products.” American Economic Review 72 (1): 16–31.
   Web of Science ®Google Scholar
• Taglioni, D., and D. E. Winkler. 2016. Making Global Value Chains Work for Development. Trade and Development, World Bank Group, Washington, DC.
   Google Scholar
• Timmer, M. P., S. Miroudot, and G. J. De Vries. 2019. “Functional Specialization in Trade.” Journal of Economic Geography 19 (1): 1–30. doi:10.1093/jeg/lby056.
   Web of Science ®Google Scholar
• Van Assche, A., and J. Van Biesebroeck. 2018. “Functional Upgrading in China’s Export Processing Sector.” China Economic Review 47: 245–262. doi:10.1016/j.chieco.2017.07.012.
   Web of Science ®Google Scholar
• Wang, L., B. Zhang, R. Xie, and B. Su. 2020a. “The Drivers of Export Value-added in China’s Provinces: A Multi-regional Input–output Model.” Applied Economics 52 (57): 6199–6214. doi:10.1080/00036846.2020.1787322.
   Web of Science ®Google Scholar
• Wang, Z., Y. Zhang, M. Niu, and Z. Fan. 2020b. “How Important Is Domestic and Foreign Demand for China’s Income Growth by Business Function?” Economic Systems Research 1–20. doi:10.1080/09535314.2020.1792417.
   Web of Science ®Google Scholar
• Winters, L. A., and A. Masters. 2013. “Openness and Growth: Still an O pen Question?” Journal of International Development 25 (8): 1060–1070. doi:10.1002/jid.2973.
   Web of Science ®Google Scholar
• Young, A. 1991. “Learning by Doing and the Dynamic Effects of International Trade.” Quarterly Journal of Economics 106 (2): 369–405. doi:10.2307/2937942.
   Web of Science ®Google Scholar
• Zhang, A., G. Q. Huang, and X. Liu. 2012. “Impacts of Business Environment Changes on Global Manufacturing in the Chinese Greater Pearl River Delta: A Supply Chain Perspective.” Applied Economics 44 (34): 4505–4514. doi:10.1080/00036846.2011.591737.
   Web of Science ®Google Scholar