Produção Nacional
Revisado por pares
Does International Fragmentation of Production and Global Value Chains Participation Affect the Long-run Economic Growth?
2022; SAGE Publishing; Volume: 57; Issue: 4 Linguagem: Inglês
10.1177/00157325211050448
ISSN0015-7325
AutoresCamila do Carmo Hermida, Anderson Moreira Aristides dos Santos, Maurício Vaz Lobo Bittencourt,
Tópico(s)Global Trade and Competitiveness
ResumoThis article aims to investigate whether the international fragmentation of production and the global value chains (hereafter GVCs) participation affects the economic growth for a set of 40 advanced and emerging economies. It considers four aspects related to the type of participation and position in GVCs captured by different value-added measures: (a) vertical specialisation index; (b) GVC participation index; (c) GVC position index in low-tech sectors; and (d) GVC position index in high-tech sectors. A panel autoregressive distributed lag (PARDL) model is pioneeringly employed to capture the long-term relationship between economic growth and our four measures for annual value-added data from 1995 to 2011, provided by the World Input–Output Tables (WIOT). The main long-run results indicate that (a) higher levels of international fragmentation of production and GVCs’ participation ensure higher GDP per capita growth rates; (b) the fragmentation and GVCs’ participation are more important to GDP growth than the gross exports as a percentage of GDP; (c) GVCs’ participation index, which considers both the ‘forward’ and ‘backward’ participation, is less important than the vertical specialisation, measured by the foreign intermediate imports; and (d the countries engaged in upstream positions in low-technology GVCs were positively and significantly benefitted in terms of growth. JEL Codes: F14, F43
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