Determinants of Global Value Chain Participation : Cross-Country Evidence
The past decades witnessed big changes in international trade with the rise of global value chains. Some countries, such as China, Poland, and Vietnam, rode the tide, while other countries, many in the Africa region, faltered. This paper studies th...
| Main Authors: | , , |
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| Format: | Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2020
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/930751585234915451/Determinants-of-Global-Value-Chain-Participation-Cross-Country-Evidence http://hdl.handle.net/10986/33519 |
| Summary: | The past decades witnessed big changes
in international trade with the rise of global value chains.
Some countries, such as China, Poland, and Vietnam, rode the
tide, while other countries, many in the Africa region,
faltered. This paper studies the determinants of
participation in global value chains, based on empirical
evidence from a panel data set covering more than 100
countries over the past three decades. The evidence shows
that factor endowments, geography, political stability,
liberal trade policies, foreign direct investment inflows,
and domestic industrial capacity are very important in
determining participation in global value chains. These
factors affect participation in global value chains more
than traditional exports. |
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