Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/204003 
Year of Publication: 
2017
Series/Report no.: 
wiiw Working Paper No. 138
Publisher: 
The Vienna Institute for International Economic Studies (wiiw), Vienna
Abstract: 
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.
Subjects: 
structural upgrading
global value chains
cross-country production sharing
industrial policy
emerging and transition economies
JEL: 
F12
F60
O14
O25
Document Type: 
Working Paper

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