Do Exports from Developing Economies Still Matter in Global Value Chains? Evidence from Malaysia, Thailand and Vietnam

IF 0.8 Q3 ECONOMICS

Journal of Southeast Asian Economies Pub Date : 2023-02-02 DOI:10.1355/ae39-3d

Woocheol Lee

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引用次数: 0

Abstract

Abstract:Amid ever-growing global value chains (GVCs), a major controversial topic relates to the extent to which developing economies benefit from participating in such value chains. To measure these gains, this paper examines data pertaining to value-added in exports from three Southeast Asian economies—Malaysia, Thailand and Vietnam. The study estimates the sectoral income elasticities of the export demand of each country over the period 1980–2017, revealing that the highest income elasticities are observed in low value-adding sectors such as primary products, resource-based goods and low-tech industries. This implies that the three countries have been involved in simple and not high-skill tasks within GVCs. The paper also examines the sectoral domestic share of value-added (DVA) and foreign share of value-added (FVA) of exports of the three economies using the OECD Trade in Value-added (TiVA) database over the period 2005–15. We find that DVA in the medium- and high-tech industries that add greater value is smaller than FVA in all three countries. Overall, these results suggest that developing nations need to step up their participation in GVCs through process and/or function upgrading.

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发展中经济体的出口在全球价值链中仍然重要吗?证据来自马来西亚、泰国和越南

摘要:随着全球价值链(GVCs)的不断发展，发展中经济体从参与这种价值链中获益的程度是一个主要的争议话题。为了衡量这些收益，本文分析了三个东南亚经济体——马来西亚、泰国和越南的出口增加值数据。该研究估计了1980年至2017年期间各国出口需求的部门收入弹性，结果显示，初级产品、资源型产品和低技术产业等低附加值部门的收入弹性最高。这意味着这三个国家在全球价值链中参与了简单且不需要高技能的任务。本文还利用经合组织增值贸易(TiVA)数据库研究了2005 - 2015年期间三个经济体出口的部门国内增值份额(DVA)和国外增值份额(FVA)。研究发现，三国附加值较高的中、高科技产业的DVA均小于FVA。总体而言，这些结果表明，发展中国家需要通过流程和/或功能升级来加强对全球价值链的参与。

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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来源期刊

Journal of Southeast Asian Economies ECONOMICS-

CiteScore

1.00

自引率

0.00%

发文量

期刊介绍： The Journal of Southeast Asian Economies (JSEAE) is a peer-reviewed multi-disciplinary journal focusing on economic issues in Southeast Asia. JSEAE features articles based on original research, research notes, policy notes, review articles and book reviews, and welcomes submissions of conceptual, theoretical and empirical articles preferably with substantive policy discussions. Original research articles and research notes can be country studies or cross-country comparative studies. For quantitative-oriented articles, authors should strive to ensure that their work is accessible to non-specialists. Submitted manuscripts undergo a rigorous peer-review process – two reviewers for original research articles and one reviewer for research notes and policy notes. The journal is published three times a year: April, August and December.