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Export incentives and global value chains

Ledyayeva, S; (2017) Export incentives and global value chains. (UCL Centre for Comparative Studies of Emerging Economies Working Paper Series 2017/2). UCL School of Slavonic and East European Studies (SSEES): London, UK. Green open access

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Abstract

Nowadays global value chains (GVCs) play a central role in trade flows. This paper argues that GVCs can play an important role in transmission of national trade policy effects across borders. More specifically, this study examines how domestic export incentives can affect foreign countries` exporters in the presence of GVCs. Existing theoretical literature suggests that in addition to negative “competition for market share” effects, there can be positive effects, which propagate via backward and forward GVCs linkages. To the best of our knowledge, this paper is the first one that empirically tests these effects. In particular, using recent trade data for BRICs countries (Brazil, Russia, India and China) this study shows that in the GVCs world there can be both negative and positive effects of domestic export incentives for foreign exporters as theory predicts. According to our framework, positive effects propagate via GVCs linkages.

Type: Working / discussion paper
Title: Export incentives and global value chains
Open access status: An open access version is available from UCL Discovery
Publisher version: https://www.ucl.ac.uk/ssees/comparative-studies-em...
Language: English
Keywords: export, export policy, export subsidy, export incentive, global value chains, forward linkages, backward linkages, BRICs, Brazil, Russia, China, India
URI: https://discovery.ucl.ac.uk/id/eprint/1546505
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