Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/238475 
Erscheinungsjahr: 
2020
Schriftenreihe/Nr.: 
ADBI Working Paper Series No. 1118
Verlag: 
Asian Development Bank Institute (ADBI), Tokyo
Zusammenfassung: 
In this study, we examine the participation of small and medium-sized enterprises (SMEs) in global value chains (GVCs) and highlight the role of financial constraints in shaping their participation in GVCs. We use a rich unbalanced panel of 888 SMEs for Indian manufacturing over the period 2006-2016. While examining the effect of financial constraints on the participation in GVCs of Indian SMEs, our sample suffers from two possible sources of endogeneity. In this regard, the empirical strategy employed in this study allows us to correct for reverse causality and self-selection bias. We correct for reverse causation using an instrumental variable approach and account for selection bias using a two-step probit selection model. Our findings highlight that GVC firms in the sample find financial constraints to be a significant deterring factor for Indian SMEs trying to participate in GVCs. Further, the findings of our study are robust to alternative definitions of SMEs and GVCs.
Schlagwörter: 
global value chains
SMEs
financial constraints
India
manufacturing
JEL: 
F14
F15
L25
D24
Creative-Commons-Lizenz: 
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Dokumentart: 
Working Paper

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