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

Authors

  • Mensah Patience Acquah  School of Finance and Economics, Jiangsu University, Zhenjiang, 212013, P.R. China
  • Rosemond Atampokah  School of Management, Jiangsu University, Zhenjiang, 212013, P.R. China

DOI:

https://doi.org/10.32628/IJSRST218260

Keywords:

Global Value Chain, Economic growth, Belt and Road, Asian.

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.

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International Journal of Scientific Research in Science and Technology

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Published

2021-04-30

Issue

Volume 8, Issue 2, March-April-2021

Section

Research Articles

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How to Cite

[1]
Mensah Patience Acquah, Rosemond Atampokah "Impact of Global Value Chain on Economic Growth : Evidence from Belt and Road Initiatives" International Journal of Scientific Research in Science and Technology(IJSRST), Online ISSN : 2395-602X, Print ISSN : 2395-6011,Volume 8, Issue 2, pp.403-410, March-April-2021. Available at doi : https://doi.org/10.32628/IJSRST218260