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<p>The Global Value Chain (GVC) involves the collective efforts of companies within a worldwide network to produce and distribute goods and services, aiming to enhance resource efficiency. This study provides a comprehensive understanding of the Association of Southeast Asian Nations (ASEAN) role in GVCS and advocates for a sustainable, low-carbon future, with a specific focus on its rapidly evolving economy. For this purpose, a panel data set of ASEAN (Brunei, Cambodia, Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam) economies comprising 2000 to 2022 was employed to analyzed, gross domestic product (GDP), resource efficiency management (REM), energy transition (EGT), governance and regularization (GAR), digitalization (DGT), and GVCs participation, sourced from World Development indicators, World Governance Indicators, and UNCTAD-Eora Global Value Chain Database. We used a cross-sectional autoregressive distributed lag model (CS-ARDL) for the estimation. The results indicate a significant positive association of GDP, resource efficiency management, energy transition, governance and regularization, and digitalization with the GVC. Furthermore, the Dynamic Common Correlated Effect Model and the Newey-West standard error test confirm these findings. Legislators and policymakers should focus on improving infrastructure, promote a favorable business environment, and strengthen governance and regularization to facilitate digitalization.</p>

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The nexus between global value chains and productivity gains of ASEAN countries

  • 期刊论文

  • 发表日期：

    2025年10月7日

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  • Zia Ur Rahman,
  • Wajid Khan,
  • Musarat Abbas,
  • Fatima Gulzar,
  • Muhammad Azhar Farooq

摘要

The Global Value Chain (GVC) involves the collective efforts of companies within a worldwide network to produce and distribute goods and services, aiming to enhance resource efficiency. This study provides a comprehensive understanding of the Association of Southeast Asian Nations (ASEAN) role in GVCS and advocates for a sustainable, low-carbon future, with a specific focus on its rapidly evolving economy. For this purpose, a panel data set of ASEAN (Brunei, Cambodia, Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam) economies comprising 2000 to 2022 was employed to analyzed, gross domestic product (GDP), resource efficiency management (REM), energy transition (EGT), governance and regularization (GAR), digitalization (DGT), and GVCs participation, sourced from World Development indicators, World Governance Indicators, and UNCTAD-Eora Global Value Chain Database. We used a cross-sectional autoregressive distributed lag model (CS-ARDL) for the estimation. The results indicate a significant positive association of GDP, resource efficiency management, energy transition, governance and regularization, and digitalization with the GVC. Furthermore, the Dynamic Common Correlated Effect Model and the Newey-West standard error test confirm these findings. Legislators and policymakers should focus on improving infrastructure, promote a favorable business environment, and strengthen governance and regularization to facilitate digitalization.