Cross-country convergence in global value chains: Evidence from club convergence analysis
Jangam, Bhushan Praveen and Rath, Badri Narayan (2020) Cross-country convergence in global value chains: Evidence from club convergence analysis. International Economics, 163. pp. 134-146. ISSN 2110-7017
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Abstract
We investigate the evidence of convergence/divergence in global value chain (GVC) participation across 61 countries from 2005 to 2015, employing the panel club convergence technique. The findings do not support evidence of absolute convergence, but evidence of club convergence. Seven clubs and a non-convergent group are identified, signifying that the types of activities are not uniform across countries, each club following a unique transition path. Further, we examine convergence in the forward and backward participation of GVCs. The findings reveal similar evidence of club convergence. Policies targeting GVCs need to consider the transition path of each club for better outcomes.
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| Item Type: | Article | ||||
| Uncontrolled Keywords: | Backward linkage,Club convergence,Forward linkage,Global value chains | ||||
| Subjects: | Social sciences > Political Science & Economics Social sciences > Social Services Arts > Liberal arts |
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| Divisions: | Department of Liberal Arts | ||||
| Depositing User: | . LibTrainee 2021 | ||||
| Date Deposited: | 28 Mar 2021 07:43 | ||||
| Last Modified: | 28 Mar 2021 07:43 | ||||
| URI: | http://raiithold.iith.ac.in/id/eprint/7738 | ||||
| Publisher URL: | http://doi.org/10.1016/j.inteco.2020.06.002 | ||||
| OA policy: | https://v2.sherpa.ac.uk/id/publication/35793 | ||||
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