Does digitalization spur global value chain participation? Firm-level evidence from emerging markets

IF 4.5 3区 经济学 Q1 ECONOMICS
Sasidaran Gopalan , Ketan Reddy , Subash Sasidharan
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引用次数: 21

Abstract

Does digitalization by firms spur participation in Global Value Chains (GVCs)? Rapid strides in information and communication technology (ICT) through cost-effective and reliable telecommunications have facilitated multinational firms to outsource complex production activities across borders over the years. While the rise of GVCs to prominence has coincided with the ICT revolution, there is very little systematic empirical evidence at the firm-level documenting the nexus between digitalization of firms and their participation in GVCs. By using rich firm-level data for a sample of 24,839 firms across 52 countries spanning the period 2006–2018, we empirically test the importance of digitalization in deepening GVC participation. After correcting for potential biases arising from self-selection and reverse causality, our empirical analysis shows that digitalization by firms positively influences GVC deepening. Our results are quite robust to various measures of GVCs and digitalization. Further, we also document how digitalization boosts GVC integration of firms that are financially constrained.

数字化是否促进了全球价值链的参与?新兴市场企业层面的证据
企业数字化是否促进了全球价值链的参与?多年来,通过具有成本效益和可靠的电信,信息和通信技术的迅速发展促进了跨国公司将复杂的生产活动跨境外包。虽然全球价值链的崛起与信息通信技术革命同时发生,但在企业层面,很少有系统的经验证据证明企业数字化与其参与全球价值链之间的联系。通过使用2006-2018年期间52个国家24839家公司样本的丰富公司层面数据,我们实证检验了数字化对深化全球价值链参与的重要性。在修正了自我选择和反向因果关系带来的潜在偏差后,我们的实证分析表明,企业数字化对全球价值链深化具有积极影响。我们的结果对于全球价值链和数字化的各种衡量标准都相当稳健。此外,我们还记录了数字化如何促进财务受限公司的全球价值链整合。
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来源期刊
CiteScore
5.00
自引率
10.70%
发文量
27
期刊介绍: IEP is an international journal that aims to publish peer-reviewed policy-oriented research about the production, distribution and use of information, including these subjects: the economics of the telecommunications, mass media, and other information industries, the economics of innovation and intellectual property, the role of information in economic development, and the role of information and information technology in the functioning of markets. The purpose of the journal is to provide an interdisciplinary and international forum for theoretical and empirical research that addresses the needs of other researchers, government, and professionals who are involved in the policy-making process. IEP publishes research papers, short contributions, and surveys.
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