FDI, international trade and global value chains (GVCs): India's GVC participation, position and value capture

Asia and the Global Economy Pub Date : 2023-07-01 DOI:10.1016/j.aglobe.2023.100071

Isha Chawla, Nagesh Kumar

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Abstract

Using OECD Trade in Value Added (TiVA) database (2021, 2022) and Asian Development Bank (2022) dataset, this paper indicates that though India's GVC participation rate has risen over time, it was lower than that of several economies in Asia-Pacific and its relative share in participation gains was marginal. Nevertheless, India's relative share in forward and backward GVC content to (and from) the region was not as peripheral. Raising net participation gains will require key enablers, and stimulating the mutually reinforcing FDI-GVC relationship by attracting quality FDI inflows. Findings based on the panel, fixed-effects model support the hypotheses that production-based GVC participation, revealed comparative advantage based on value-added exports, the country's relative economic size, and economic complexity (in medium-to-high technology manufacturing sectors) positively affect economic upgrading through capturing a greater share in world's domestic value-added in an industry while relative GVC position has a negative effect.

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外国直接投资、国际贸易和全球价值链（GVCs）：印度对全球价值链的参与、地位和价值获取

本文利用经合组织的增值贸易（TiVA）数据库（2021 年、2022 年）和亚洲开发银行的数据集（2022 年），指出虽然印度的全球价值链参与率随着时间的推移有所上升，但低于亚太地区的几个经济体，而且其参与收益的相对份额微不足道。不过，印度在流入（和流出）本区域的全球价值链前向和后向内容中所占的相对份额并不那么边缘化。提高净参与收益需要关键的推动因素，并通过吸引高质量的外国直接投资流入来刺激外国直接投资与全球价值链之间的相互促进关系。基于面板固定效应模型的研究结果支持以下假设：以生产为基础的全球价值链参与、基于出口增值的显性比较优势、国家的相对经济规模和经济复杂性（在中高技术制造业部门）会通过在某一行业中获取更大的世界国内增值份额而对经济升级产生积极影响，而全球价值链的相对地位则会产生消极影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Asia and the Global Economy

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