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<p>In recent decades, digitalization and global value chains (GVC) have significantly transformed global trade and industry, impacting sustainable development. This study investigates the influence of economic growth, energy mix, institutional quality, digitalization, and natural resource rents on the GVC. Utilizing cross-sectional autoregressive distributed lag (CS-ARDL) and panel data from eight ASEAN nations spanning 2000–2023, the Pesaran CD test confirmed the interdependence of the cross-sections. The findings indicate that institutional quality, energy mix, digitalization, and economic growth have a significant positive influence on GVC. Specifically, a 1% increase in economic growth, energy mix, institutional quality, digital economy, and natural resource rents results in GVC increases of 0.0279%, 0.3362%, 0.0411%, 1.7549%, and 0.0431%, respectively. The DCCE and NWSE estimators were used to validate the CS-ARDL estimator results. The analysis also highlights subtle regional variations, with more advanced ASEAN economies benefiting more from digital advancements, whereas others rely more on institutional reforms and energy diversification. Policy implications suggest that coordinated efforts to adopt renewable energy, enhance institutional capacity, and develop digital infrastructure can effectively promote GVC upgrading. By incorporating these dimensions, this study provides new empirical evidence on factors that may enhance GVC competitiveness in emerging markets, which is essential for discussions on sustainable development and regional economic integration.</p>

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Digitalization and institutional quality as drivers of global value chains: evidence from ASEAN using CS-ARDL Analysis

  • 期刊论文

  • 出版模式：

    开放获取

  • 发表日期：

    2026年1月6日

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  • Ma Kai,
  • Qi XU,
  • Muhammad Sibt e Ali,
  • Mohd Abass Bhat,
  • Akhtar Rehman,
  • Laeeq razzak Janjua

摘要

In recent decades, digitalization and global value chains (GVC) have significantly transformed global trade and industry, impacting sustainable development. This study investigates the influence of economic growth, energy mix, institutional quality, digitalization, and natural resource rents on the GVC. Utilizing cross-sectional autoregressive distributed lag (CS-ARDL) and panel data from eight ASEAN nations spanning 2000–2023, the Pesaran CD test confirmed the interdependence of the cross-sections. The findings indicate that institutional quality, energy mix, digitalization, and economic growth have a significant positive influence on GVC. Specifically, a 1% increase in economic growth, energy mix, institutional quality, digital economy, and natural resource rents results in GVC increases of 0.0279%, 0.3362%, 0.0411%, 1.7549%, and 0.0431%, respectively. The DCCE and NWSE estimators were used to validate the CS-ARDL estimator results. The analysis also highlights subtle regional variations, with more advanced ASEAN economies benefiting more from digital advancements, whereas others rely more on institutional reforms and energy diversification. Policy implications suggest that coordinated efforts to adopt renewable energy, enhance institutional capacity, and develop digital infrastructure can effectively promote GVC upgrading. By incorporating these dimensions, this study provides new empirical evidence on factors that may enhance GVC competitiveness in emerging markets, which is essential for discussions on sustainable development and regional economic integration.