scholarly journals Correction to: From Global Value Chains (GVC) to Innovation Systems for Local Value Chains and Knowledge Creation

2018 ◽  
Vol 30 (3) ◽  
pp. 575-575 ◽  
Author(s):  
Keun Lee ◽  
Marina Szapiro ◽  
Zhuqing Mao
Keyword(s):  
Knowledge Creation ◽  
Global Value Chains ◽  
Innovation Systems ◽  
Value Chains ◽  
Local Value

GLOBAL VALUE CHAINS (GVCS) AND ECONOMIC GROWTH: A NONLINEAR ANALYSIS

2021 ◽  
pp. 1-20
Author(s):  
ZHUQING MAO
Keyword(s):  
Economic Growth ◽  
Value Chain ◽  
Value Added ◽  
Global Value Chains ◽  
Value Chains ◽  
Middle Income ◽  
Linear Pattern ◽  
The Relationship ◽  
Local Value ◽  
Nonlinear Pattern

This study examines the relationship between economic growth and participation in global value chains (GVCs) and demonstrates that the U-shaped nonlinear pattern of GVCs could be more effective than the simple linear pattern of GVCs in terms of economic growth in high- and middle-income economies. The U-shaped nonlinear pattern expresses that there are decreasing foreign-dominated GVCs (increasing high value-added domestic value chains) for building local value chain and then raise the GVCs participation to benefit at a better position in GVCs. This paper investigates a panel of 63 advanced and emerging economies and obtained significant evidence by using systemic quantitative analysis. This research suggests that emerging markets should decrease foreign-dominated GVCs (increase high value-added domestic value chain) and then raise the participation of the GVC for economic growth.

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