Autori
Vu, Nam Hoang
Hoang, Tram Bao
Bui, Duong Tung
Nguyen, Quan Hong

Titolo
Integration into global value chains and firm innovation: does local business enviroment matter?
Periodico
Economia e politica industriale
Anno: 2024 - Volume: 51 - Fascicolo: 4 - Pagina iniziale: 725 - Pagina finale: 791

While the learning-by-doing hypothesis suggests the firms that have integrated into global value chains (GVCs) have better performance, it is not clear how this relationship changes in different business environments. Utilizing data of GVC integration and innovation from five rounds of surveys of small-and medium-sized enterprise and data for the quality of the local business environment, this study shows that integration into GVCs does not help these firms to introduce new products. Nonetheless, it raises the likelihood that these firms improve their existing products and production process. This positive relationship is enhanced by the improved-quality local business environment. Further analysis suggests that efforts should be spent on improving crucial aspects of the local business environment, which are legal issues, business support, labour training, and transparency of the local governments, to effectively strenghthen this relationship.



SICI: 0391-2078(2024)51:4<725:IIGVCA>2.0.ZU;2-S

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