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Does the deepening of producer services trade network promote global value chain participation?

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  • Wang, Hang
  • Liu, Haiying

Abstract

As the global division of labor continues to deepen, producer services have become an essential driver of global value chain (GVC) participation. This study examines the impact of the deepening of producer services trade network on GVC participation. Using the PageRank centrality index to measure the deepening of producer services trade network, this study empirically analyzes its effects on forward and backward GVC participation. The findings indicate that the deepening of producer services trade network significantly promotes both forward and backward GVC participation, with a greater impact on forward GVC participation. Mechanism analysis reveals that this effect operates through three key channels: enhancing innovation capability, improving production efficiency, and fostering economies of scale. Furthermore, heterogeneity analysis shows that the impact of the deepening of producer services trade network on GVC participation is more pronounced in developed economies, economies with high trade openness, and economies with high institutional quality. This study contributes to the literature by providing a network perspective on producer services trade and offers policy insights for enhancing GVC participation through producer services trade integration.

Suggested Citation

  • Wang, Hang & Liu, Haiying, 2026. "Does the deepening of producer services trade network promote global value chain participation?," Economic Analysis and Policy, Elsevier, vol. 91(C), pages 1-14.
    • Handle: RePEc:eee:ecanpo:v:91:y:2026:i:c:p:1-14
    DOI: 10.1016/j.eap.2026.03.009
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