Impact of Global Value Chain on Economic Growth : Evidence from Belt and Road Initiatives-Reference-Cited by-同舟云学术

Impact of Global Value Chain on Economic Growth : Evidence from Belt and Road Initiatives

Published:2021-04-14 Issue: Volume: Page:403-410
ISSN:2395-602X
Container-title:International Journal of Scientific Research in Science and Technology
language:en
Short-container-title:IJSRST

Author:

Acquah Mensah Patience¹,Atampokah Rosemond²

Affiliation:

1. School of Finance and Economics, Jiangsu University, Zhenjiang, 212013, P.R. China

2. School of Management, Jiangsu University, Zhenjiang, 212013, P.R. China

Abstract

The Belt and Road Initiative is massive with a lot of potential, and number of positives. The disintegration of the mode of production of most countries across the globe has allowed the global dispersal of value-added activities in the production value chain networks. We examined the impact of global value chain on economic growth of Asian countries within the Belt and Road over the period of 2005 to 2017. We find robust evidence for a positive productivity effect from stronger GVC integration. Moreover, we find that relatively less productive countries can benefit more from GVC participation in terms of growth rate. Several policy recommendations support the findings.

Publisher

Technoscience Academy

Subject

General Medicine

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