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Global value chains, national innovation systems and economic development

Author

Listed:
  • Jan Fagerberg

    (Centre for Technology, Innovation and Culture (TIK), University of Oslo & Department of Business and Management, Aalborg University)

  • Bengt-Åke Lundvall

    (IKE, Department of Business and Management, Aalborg University)

  • Martin Srholec

    (Center for Economic Research and Graduate Education-Economics Institute (CERGE-EI), Charles University, Prague and Centre for Innovation, Research and Competence in the Learning Economy (CIRCLE), Lund University)

Abstract

This paper deals with the role of global value chains (GVC) and other aspects of “openness” for economic development. To analyse the issue a comprehensive framework that allows for the inclusion of a range of relevant factors including not only different form of openness, such as GVC participation, but also technological and social capabilities, is developed. The analysis is based on evidence from 125 countries, including many developing nations, over the period 1997-2013. It is shown that economic growth reflects the strength of the national innovation system and that GVC participation is not the potent driver of economic growth that tends to be assumed.

Suggested Citation

  • Jan Fagerberg & Bengt-Åke Lundvall & Martin Srholec, 2017. "Global value chains, national innovation systems and economic development," Working Papers on Innovation Studies 20171012, Centre for Technology, Innovation and Culture, University of Oslo.
    • Handle: RePEc:tik:inowpp:20171012
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    JEL classification:

    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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