Global Value Chains and Economic Development: A Firm-level Analysis

2023 Fiscal Year Final Research Report

• Project/Area Number: 20K01622
• Research Category: Grant-in-Aid for Scientific Research (C)
• Allocation Type: Multi-year Fund
• Section: 一般
• Review Section: Basic Section 07040:Economic policy-related
• Research Institution: Waseda University
• Principal Investigator: Urata Shujiro 早稲田大学, 国際学術院(アジア太平洋研究科), 名誉教授 (10185085)
• Co-Investigator(Kenkyū-buntansha): 白 映旻 福山大学, 経済学部, 講師 (00844185) ; 横田 一彦 早稲田大学, 商学学術院, 教授 (40390819)
• Project Period (FY): 2020-04-01 – 2024-03-31
• Keywords: グローバルバリューチェーン(GVC) / 生産性 / 多国籍企業

Outline of Final Research Achievements

Since the 1980s, multinational corporations have shifted from a strategy of placing all production processes in their home country to a fragmentation strategy that involves dividing the production processes and locating these processes in multiple countries. By linking these production processes, global value chains (GVCs) have been formed. The movement towards forming GVCs has expanded dramatically since the beginning of the 21st century because of significant reductions in transportation and communication costs due to technological advancements and trade and investment liberalization policies. This study analyzes the determinants of firm’s participation in GVCs and the impact of GVC participation on firms, focusing on Asian countries. The analysis revealed that firms with high productivity, advanced technology, large scale, and foreign capital have a higher rate of participation in GVCs and it was found that participation in GVCs contributes to the improvement of firm productivity.

Free Research Field

経済学

Academic Significance and Societal Importance of the Research Achievements

経済成長・経済発展は多くの国々にとって重要な目標となっている。経済成長の実現にあたっては生産性の向上が重要な役割を果たす。本研究では生産性の向上にあたっては、企業により構築されるグローバルバリューチェーンが大きく貢献することが示された。