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Trade and growth in the New Member States. The role of global value chains

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dc.abstract.enWe analyze the determinants of value added and productivity growth of New Member States in the period between 1995 and 2009. We show that in the analyzed countries exports contributed to roughly 30 to over 40% of the overall growth of GDP while the contribution of the domestic component varied from negative to over 60%. We show that in the most important export manufacturing industries of the NMS, the growth in exported value added was substantial, while the growth of the domestic component of GDP was mostly due to the growth in services. We associate growth of sectoral productivity with the foreign direct investment and exporting but, more importantly, with the position of a sector/country in the global value chains. We show that sectors that have imported intermediate goods have experienced higher productivity growth. Moreover, productivity growth was found in sectors further away from the final demand and in sectors exporting intermediate goods.
dc.affiliationUniwersytet Warszawski
dc.contributor.authorHagemejer, Jan
dc.date.accessioned2024-01-26T11:04:40Z
dc.date.available2024-01-26T11:04:40Z
dc.date.issued2017
dc.description.financeNie dotyczy
dc.description.volumeFirstView
dc.identifier.doi10.1080/1540496X.2017.1369878
dc.identifier.issn1540-496X
dc.identifier.urihttps://repozytorium.uw.edu.pl//handle/item/123641
dc.languageeng
dc.pbn.affiliationeconomics and finance
dc.relation.ispartofEmerging Markets Finance and Trade
dc.relation.pages1-20
dc.rightsClosedAccess
dc.sciencecloudnosend
dc.subject.enEconomic growth
dc.subject.englobal value chains
dc.subject.enopenness
dc.subject.enproductivity
dc.titleTrade and growth in the New Member States. The role of global value chains
dc.typeJournalArticle
dspace.entity.typePublication