The Impact of Aid for Trade on Developing Countries’ Participation in Global Value Chains
1
조회
0
다운로드
1
인용
0
참고문헌
키워드
초록
With the fragmentation of global production, developing countries are increasingly tapping into the global trading system through their participation in global value chains (GVCs). However, they often face constraints that hamper their integration into GVCs. This paper analyzes the role of Aid for Trade (AfT) as one of the critical factors in the promotion of developing countries’ GVC participation. Based on a panel dataset of 128 countries over the period 2002–2016 using the UNCTAD-Eora GVC database, our empirical results show that AfT facilitates the backward GVC participation of developing countries that import foreign intermediate inputs and process them for exports. In particular, the aid aimed at optimizing trade policy and regulation has a significant and positive impact on backward participation. The results also indicate that AfT has differing effects depending on developing countries’ income levels. Our findings suggest that AfT can aid in the promotion of the backward GVC participation of developing countries, and can be effectively tailored to their economic circumstances and optimally implemented with the aim of encouraging their GVC integration.
Abstract
With the fragmentation of global production, developing countries are increasingly tapping into the global trading system through their participation in global value chains (GVCs). However, they often face constraints that hamper their integration into GVCs. This paper analyzes the role of Aid for Trade (AfT) as one of the critical factors in the promotion of developing countries’ GVC participation. Based on a panel dataset of 128 countries over the period 2002–2016 using the UNCTAD-Eora GVC database, our empirical results show that AfT facilitates the backward GVC participation of developing countries that import foreign intermediate inputs and process them for exports. In particular, the aid aimed at optimizing trade policy and regulation has a significant and positive impact on backward participation. The results also indicate that AfT has differing effects depending on developing countries’ income levels. Our findings suggest that AfT can aid in the promotion of the backward GVC participation of developing countries, and can be effectively tailored to their economic circumstances and optimally implemented with the aim of encouraging their GVC integration.
참고문헌 (60)
- Ahmed, F, "Toward a national participation index f or developing countries in the global value chains: A graph theoretic modelling approach", Journal of Modelling in Management, 13(2), pp.475~494 (2018)
- Arndt, S. W., "Production Networks in an Economically Integrated Region", ASEAN Economic Bulletin, 18(1), pp.24~34 (2001)
- Athukorala, Prema-Chandra, "Production Fragmentation and Trade Integration: East Asia in a Global Context", North American Journal of Economics and Finance, 17(3), pp.233~256 (2006)
- Basnett, Y., "Increasing the effectiveness of Aid for Trade: the circumstances under which it works best", Overseas Development Institute, ~ (2012)
- Bearce, F., "Has the New Aid for Trade Agenda Been Export Effective? Evidence on the Impact of US AfT Allocations 1999–2008", International Studies Quarterly, 57(1), pp.163~170 (2013)
- Berrittella, M., "A global perspective on effectiveness of aid for trade", Open Economies Review, 25(2), pp.289~309 (2014)
- Brazys, S, "Race to Give? The Selective Effectiveness of United States Trade Capacity Building Assistance", Review of International Political Economy, 17(3), pp.537~561 (2010)
- Busse, M., "The impact of aid for trade facilitation on the costs of trading", Kyklos, 65(2), pp.143~163 (2012)
- Calì, M., "Does aid for trade really improve trade performance?", World development, 39(5), pp.725~740 (2011)
- Cattaneo, O., "Aid for trade and value chains in agrifood", WTO and OECD, ~ (2013)
- Criscuolo, C., "The Relationship Between Global Value Chains and Productivity", International Productivity Monitor, 32, pp.61~83 (2017)
- Cusolito, Ana Paula, "Inclusive Global Value Chains: Policy Options for Small and Medium Enterprises and Low-Income Countries", World Bank, ~ (2016)
- De Backer, K, "Mapping Global Value Chains" (2013), OECD Publishing
- Del Prete, D., "Global value chains : New evidence f or N orth A frica", International economics, 153, pp.42~54 (2018)
- Djankov, S., "Trading on Time", Review of Economics and Statistics, 92(1), pp.166~173 (2010)
- Egger, Hartmut, "The Determinants of EU Processing Trade", The World Economy, 28(2), pp.147~168 (2005)
- Foreign investment, outsourcing and relative wages, "Feenstra, R. C.", National Bureau of Economic Research, ~, pp.Working Paper No. 5121 (1995)
- Aid to the services sector: does it affect manufacturing exports?, "Ferro, E.", World Bank, Development Research Group, ~, pp.Policy Research Working Paper No. 5728 (2011)
- Fukunishi, T., "Aid for trade and value chains in textiles and apparel", World Trade Organization, IDE-JETRO and the OECD, ~ (2013)
- Global value chain analysis: a primer, "Gereffi, G.", Center on Globalization, Governance and Competitiveness (CGGC), Duke University, ~ (2016)
- Gereffi, G., "Global value chains in a changing world", pp.329~360 (2013), World Trade Organization
- Goldberg, P. K., "Imported Intermediate Inputs and Domestic Product Growth : Evidence from India", The Quarterly Journal of Economics, 125(4), pp.1727~1767 (2010)
- Graham, J. W., "How many imputations are really needed? Some practical clarifications of multiple imputation theory", Prevention science, 8(3), pp.206~213 (2007)
- Helble, Matthias, "Aidfor-trade facilitation", Review of World Economics, 148(2), pp.357~376 (2012)
- Hummels, D, "Time as a trade barrier", American Economic Review, 103(7), pp.2935~2959 (2013)
- Ismail, F., "Aid for Trade. An essential component of the multilateral trading system and WTO Doha development agenda", World Economics, 8(1), pp.15~45 (2007)
- Jansen, M., "Aid for Trade and Value Chains in Tourism", WTO, OECD, and United Nations World Tourism Organization, ~ (2013)
- Johnson, R. C., "Accounting for intermediates : Production sharing and trade in value added", Journal of international Economics, 86(2), pp.224~236 (2012)
- Aid for Trade and engaging with global value chains:developing trade and reducing food insecurity? (Research reports and studies June 2013), "Keane, J.", Overseas Development Institute (ODI), ~ (2013)
- Keane, J., "Production Networks and Enterprises in East Asia", pp.259~288 (2016), Springer
- Study on Strengthening Production Network between Korea and CLMV, "Kim, H. S.", Korea Institute for Industrial Economics and Trade (KIET), ~, pp.Research Reports 2017-860 (2017)
- Give credit where credit is due: Tracing value added in global production chains, "Koopman, R.", National Bureau of Economic Research, ~, pp.Working Paper No.16426 (2010)
- Participation of Developing Countries in Global Value Chains:Implications for Trade and Trade-Related Policies, "Kowalski, P.", OECD, ~, pp.OECD Trade Policy Papers No. 179 (2015)
- Lanz, R., "Aid for trade and value chains in information and communication technology", WTO and OECD, ~ (2013)
- Using Foreign Factors to Enhance Domestic Export Performance: A Focus on Southeast Asia, "Lopez-Gonzalez, J.", OECD, ~, pp.OECD Trade Policy Papers No. 191 (2016)
- Martínez‐Zarzoso, I., "Is aid for trade effective? A panel quantile regression approach", Review of Development Economics, 21(4), pp.175~203 (2017)
- Aid for Trade in a world of global value chains: chain power, the distribution of rents and implications for the form of aid, "Mayer, F. W", The University of Manchester, ~, pp.Capturing the Gains Working Paper 2013 (2013), 34
- Trade Facilitation Indicators: The Potential Impact of Trade Facilitation on Developing Countries’ Trade, "Moïsé, E", OECD, ~, pp.OECD Trade Policy Paper No. 144 (2013)
- Naito, T., "Aid f or T rade and global growth", Review of International Economics, 24(5), pp.1178~1201 (2016)
- OECD, "Development Co-operation Report 2018: Joining Forces to Leave No One Behind" (2018), OECD Publishing
- "OECD Creditor Reporting System Aid Activity Database"[URL]
- OECD, "Aid for Trade at a Glance 2013: Connecting to Value Chains", OECD, ~ (2013)
- OECD, "Aid for trade at a glance 2015: Reducing trade costs for inclusive, sustainable growth", OECD, ~ (2015)
- Orefice, G., "Deep integration and production networks: An empirical analysis", The World Economy, 37(1), pp.106~136 (2014)
- 박인원, "Trade Facilitation Provisions in Regional Trade Agreements: Discriminatory or Non-discriminatory?", East Asian Economic Review, 20(4), pp.447~467 (2016), 대외경제정책연구원[DOI]
- The Role of Aid for Trade in Building the Capacity of Developing Country Firms to Meet Sustainability Standards, "Redden, J.", International Centre for Trade and Sustainable Development (ICTSD), ~ (2017)
- Rubin, D. B., "Inference and Missing Data", Biometrika, 63, pp.581~592 (1976)
- Rubin, D. B., "Multiple Imputation for Nonresponse in Surveys" (1987), John Wiley & Sons, Inc
- Gnangnon, S. K., "Aid for trade and trade policy in recipient countries", The International Trade Journal, 32(5), pp.439~464 (2018)
- Shepherd, B., "Aid for Trade and value Chains in Transport and Logistics", WTO and OECD, ~ (2013)
- World Investment Report 2013: Global Value Chains: Investment and Trade for Development, "UNCTAD", United Nations, ~ (2013)
- World Investment Report 2018: Investment and New Industrial Policies, "UNCTAD", United Nations, ~ (2018)
- "UNCTAD Database"[URL]
- Diagnostics for Industrial Value Chain Development; An integrated Tool, "UNIDO", UNIDO, ~ (2011)
- Vijil, M, "Aid for trade effectiveness: Complementarities with economic integration", The World Economy, 37(4), pp.555~566 (2014)
- "World Bank Worldwide Governance Indicators"[URL]
- "World Bank Database"[URL]
- "World Integrated Trade Solution (WITS)"[URL]
- WTO, "Trade patterns and global value chains in East Asia:from trade in goods to trade in tasks", World Trade Organization, ~ (2011)
- Zhuawu, C., "Assessing Aid for Trade: Effectiveness, Current Issues and Future Directions", pp.234~254 (2013), Commonwealth Secretariat