Modern Economy

Volume 16, Issue 2 (February 2025)

ISSN Print: 2152-7245   ISSN Online: 2152-7261

Google-based Impact Factor: 0.96  Citations  

Energy, Competitiveness and Participation in Global Value Chains

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DOI: 10.4236/me.2025.162012    47 Downloads   288 Views  
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ABSTRACT

The objective of this study is to analyze the impact of energy consumption and competitiveness on countries’ participation in global value chains (GVCs). The two-stage dynamic panel method is applied to data from 35 developing and 28 transition countries over the period 2000-2018. The empirical results of the study reveal that an improvement in competitiveness by one percentage point increases GVC participation, upstream and downstream participation by 0.003, 0.002, and 0.006 points respectively for developing countries. For transition countries, that improvement increases GVC participation, upstream and downstream participation by 0.238, 0.181 and 0.058 points respectively. It also emerges that competitiveness positively affects GVC participation. Finally, the results highlight that energy consumption and intensity positively affect GVC participation. The study highlights the importance of energy and competitiveness in improving developing and transition countries’ participation in global value chains.

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Conte, F. (2025) Energy, Competitiveness and Participation in Global Value Chains. Modern Economy, 16, 271-283. doi: 10.4236/me.2025.162012.

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