Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/238487 
Year of Publication: 
2020
Series/Report no.: 
ADBI Working Paper Series No. 1130
Publisher: 
Asian Development Bank Institute (ADBI), Tokyo
Abstract: 
This study assesses the determinants of global value chain (GVC) participation and the relationship between the degree of GVC participation and firms' performance. The main estimation method for both analyses is a panel fixed-effect regression employing unique panel firm-level data from the Office of Industrial Economics, Ministry of Industry, Thailand for the period 2004-2014. Our results show that small and medium-sized enterprises (SMEs) have a lower degree of engagement in both backward and forward GVC participation when compared with larger firms (non-SMEs). This study also finds that GVC participation, both backward and forward participation, is positively associated with firms' performance. Our results imply that being an SME is associated with a lower degree of GVC participation, but GVC participation can help firms (both SMEs and large firms) increase their revenues. Hence, policies to help local SMEs to enter GVCs smoothly would be the priority.
Subjects: 
global value chain
GVC
small and medium-sized enterprises
SMEs
Thailand
firm level
panel analysis
JEL: 
F13
F14
L11
L25
L26
O24
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.