International Production Networks and Economic Growth: The Case of the Western Balkan Countries
Scholar | Otros documentos del autor: Shimbov, Bojan; Alguacil Marí, Maite; Suárez Burguet, Celestino
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TítuloInternational Production Networks and Economic Growth: The Case of the Western Balkan Countries
Fecha de publicación2016
EditorTaylor & Francis
The globalization of the world economy has given rise to new trade patterns through the intensification of international production networks (IPNs). This phenomenon has enabled countries to undertake more in-depth ... [+]
The globalization of the world economy has given rise to new trade patterns through the intensification of international production networks (IPNs). This phenomenon has enabled countries to undertake more in-depth specialization in niche parts of the production chain, with important benefits for their economic activity and growth. The Western Balkan countries are no exception. With their recent integration into global markets, an increasingly large share of their trade flows entail intermediate goods that are eventually processed and exported. This article analyzes the impact of different degrees of participation in IPNs on the economic performance of the Western Balkan countries, thereby testing the hypothesis that trade created by international fragmentation of production may generate effects on economic growth beyond the beneficial influence of total or final goods trade. The article focuses on the period 2002–2013. The results, using a set of panel data models, show that the degree of involvement in IPNs significantly affects economic performance, which partly explains the observed differences in the growth rates of the Western Balkan countries. We also find that the positive influence of processing trade on economic growth is greater than the traditional gains of an increase in foreign demand. [-]
Palabras clave / Materias
Cita bibliográficaSHIMBOV, Bojan; ALGUACIL, Maite; SUÁREZ, Celestino. International Production Networks and Economic Growth: The Case of the Western Balkan Countries. Eastern European Economics, 2016, vol. 54, no 1, p. 49-70.
Tipo de documentoinfo:eu-repo/semantics/article
Derechos de acceso
This is an Accepted Manuscript of an article published by Taylor & Francis in Eastern European Economics on 25 Feb 2016, available online: http://dx.doi.org/10.1080/00128775.2015.1112749.
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