Global value chain participation and intermediate export sophistication

While the dominance of global value chains (GVCs) in production processes is a widely accepted fact, the impact of participation in GVCs is still being explored. Using data from a sample of 100 nations for 1999-2018, Prof. Rupa Chanda, from the Economics & Social Sciences area at IIMB, and Neha Betai, from IIMB, examine the improvement in productivity brought about by GVC participation, and its role in the upgradation of intermediate exports – the main channel through which countries participate in GVCs, in this article in Ideas for India (I4I).