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The impact of upgrading in the global value chain on embodied carbon emissions: Does technological progress matter?

Author

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  • Yang, Fujia
  • Li, Tianyu
  • Qi, Yadong

Abstract

We utilize a dataset of 56 industries in 43 countries from 2000 to 2014 to estimate the impact of upgrading in the global value chain on embodied carbon emissions in trade, and whether this impact can be achieved by technological progress. Our results show that upgrading in the global value chain can reduce the embodied carbon emissions, and this impact varies across country types and industry types. The mechanism test proves that upgrading in the global value chain can decrease embodied carbon emissions by promoting technological progress.

Suggested Citation

  • Yang, Fujia & Li, Tianyu & Qi, Yadong, 2025. "The impact of upgrading in the global value chain on embodied carbon emissions: Does technological progress matter?," Finance Research Letters, Elsevier, vol. 84(C).
    • Handle: RePEc:eee:finlet:v:84:y:2025:i:c:s1544612325010219
    DOI: 10.1016/j.frl.2025.107763
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