Влияние институтов на интеграцию стран в глобальные цепочки стоимости

Аннотация

Global value chains (GVCs) are a key characteristic of the development of the world economy at the present stage. The integration of the national economy into global value chains can be an effective tool for its modernization and competitiveness. Thus, this work is aimed at studying the impact of institutional development on the integration of countries into GVCs. The purpose of this study is to analyze the impact of the degree of development of institutions on the integration of a number of countries into GVCs. Using a database that includes the period 1995 to 2018, plus 35 high-income countries and 26 middle- and low-income countries, we obtain 1464 observations of countries in both high, middle and low income countries. income. To obtain the result, the work uses econometric analysis using a fixed effects model. In addition, the existing research also involves an analysis of the impact of corporate social responsibility on value chains. The results of the study showed that the improvement of institutions has a negative impact on GVCs, which refutes the first hypothesis. However, the hypothesis was confirmed that economic efficiency, average standard of living and economic well-being have a significant positive impact on the integration of countries into GVCs.
In addition, focusing enough attention on corporate social responsibility in global value chains contributes to their development and improvement.