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Regional value chains: opportunities for India and ASEAN?

Author

Listed:
  • Saon Ray

    (ICRIER)

  • Vasundhara Thakur

    (Kiel Institute
    Bielefeld University)

Abstract

The literature on backward and forward linkages in global value chains (GVCs) and regional value chains (RVCs) explores the interconnectedness of production processes across different stages and locations within the global economy. The significance of imports in value chains, however, is relatively unexplored. Recognizing imports' role in bolstering exports can rejuvenate external demand and spur growth. To examine Indian imports from ASEAN, we utilize the ARDL bounds test for 2011–12 Q1 to 2020–21 Q2. The results reject the null hypothesis of no level relationship between ASEAN imports and other variables. Notably, the positive long-run coefficient of export logs suggests a favorable impact on Indian imports from ASEAN, while the negative COVID-19 dummy coefficient indicates pandemic-induced import setbacks.

Suggested Citation

  • Saon Ray & Vasundhara Thakur, 2025. "Regional value chains: opportunities for India and ASEAN?," Journal of Social and Economic Development, Springer;Institute for Social and Economic Change, vol. 27(2), pages 197-217, September.
    • Handle: RePEc:spr:jsecdv:v:27:y:2025:i:2:d:10.1007_s40847-024-00410-z
    DOI: 10.1007/s40847-024-00410-z
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    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business

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