The Impact of Trade Liberalization on Global Value Chain Participation under the Belt and Road Initiative
DOI:
https://doi.org/10.54097/2npw0943Keywords:
Trade Liberalization, Global Value Chain Participation, Belt and Road Initiative.Abstract
The division of labor within the global value chain (GVC) has become a defining characteristic of the global economy. Trade liberalization serves as a crucial driver for the in-depth advancement of this GVC division system. This study utilizes bilateral trade data from 25 Belt and Road countries spanning 2010 to 2023, and empirically explores how trade liberalization levels influence these nations’ engagement in global value chains—relying on GVC participation indices and trade liberalization metrics specific to the sample countries. The findings demonstrate that heightened trade liberalization substantially boosts the degree to which countries partake in global value chains.
Downloads
References
[1] Huang, T., & Chen, W. (2021). The Impact of Intellectual Property Protection and Trade Openness on Foreign Investment Introduction. Journal of Technology Economics, 40 (1), 82 - 90.
[2] Baldwin R, Lopez-Gonzalez J. Supply-chain Trade: A Portrait of Global Patterns and Several Testable Hypotheses [J]. The World Economy, 2015, 38 (11): 1682 - 1721.
[3] Lv, Y., & Li, M. Y. (2020). Trade Facilitation and Global Value Chain Integration. Journal of Beijing Technology and Business University (Social Sciences Edition), 35 (5), 46 - 57.
[4] Han, J., Feng, F., & Jiang, X. Y. (2018). Internet Development and Global Value Chain Integration—A Cross-Country Empirical Study Based on GVC Indices. Nankai Economic Studies, (4), 21 - 35, 52.
Downloads
Published
Issue
Section
License
Copyright (c) 2025 Highlights in Business, Economics and Management
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
