The impact of regulatory distance from global standards on a country's centrality in global value chains

Tomohiko Inui; Kenta Ikeuchi; Ayako Obashi; Qizhong Yang

doi:10.1016/j.inteco.2021.03.001

The impact of regulatory distance from global standards on a country's centrality in global value chains

Tomohiko Inui, Kenta Ikeuchi, Ayako Obashi, Qizhong Yang

Research output: Contribution to journal › Article › peer-review

Abstract

We examine whether and how a country's centrality in global value chains (GVCs) is dependent upon the extent to which its regulatory regime differs from the global norm, using country and sector-level data from OECD and UNCTAD. We find that the more similar a country's regulatory regime is to global standards the more likely the country is to play a dominant role in GVCs. Our findings suggest that a country could enhance its centrality in GVCs by harmonising a set of technical regulations to the global standards.

Original language	English
Pages (from-to)	95-115
Number of pages	21
Journal	International Economics
Volume	166
DOIs	https://doi.org/10.1016/j.inteco.2021.03.001
Publication status	Published - 2021 Aug
Externally published	Yes

Keywords

Centrality in global value chains
Non-tariff measure
Regulatory distance

ASJC Scopus subject areas

Business, Management and Accounting(all)
Economics, Econometrics and Finance(all)

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10.1016/j.inteco.2021.03.001

Cite this

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abstract = "We examine whether and how a country's centrality in global value chains (GVCs) is dependent upon the extent to which its regulatory regime differs from the global norm, using country and sector-level data from OECD and UNCTAD. We find that the more similar a country's regulatory regime is to global standards the more likely the country is to play a dominant role in GVCs. Our findings suggest that a country could enhance its centrality in GVCs by harmonising a set of technical regulations to the global standards.",

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AU - Inui, Tomohiko

AU - Ikeuchi, Kenta

AU - Obashi, Ayako

AU - Yang, Qizhong

N1 - Funding Information: The authors acknowledge financial support for a part of this study from the Japan Society for Promotion of Science , KAKENHI grant number 19H01486 . Publisher Copyright: © 2021 CEPII (Centre d'Etudes Prospectives et d'Informations Internationales), a center for research and expertise on the world economy

PY - 2021/8

Y1 - 2021/8

N2 - We examine whether and how a country's centrality in global value chains (GVCs) is dependent upon the extent to which its regulatory regime differs from the global norm, using country and sector-level data from OECD and UNCTAD. We find that the more similar a country's regulatory regime is to global standards the more likely the country is to play a dominant role in GVCs. Our findings suggest that a country could enhance its centrality in GVCs by harmonising a set of technical regulations to the global standards.

AB - We examine whether and how a country's centrality in global value chains (GVCs) is dependent upon the extent to which its regulatory regime differs from the global norm, using country and sector-level data from OECD and UNCTAD. We find that the more similar a country's regulatory regime is to global standards the more likely the country is to play a dominant role in GVCs. Our findings suggest that a country could enhance its centrality in GVCs by harmonising a set of technical regulations to the global standards.

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The impact of regulatory distance from global standards on a country's centrality in global value chains

Abstract

Keywords

ASJC Scopus subject areas

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