Title: Global value chain and Thailand's total factor productivity

Authors: Piyaphan Changwatchai; Siwapong Dheera-aumpon

Addresses: Department of Economics, Kasetsart University, Bangkok, 10900, Thailand ' Department of Economics, Kasetsart University, Bangkok, 10900, Thailand

Abstract: The role of global value chains (GVCs) has been increasing worldwide including Thailand, where economic growth currently relies more on total factor productivity (TFP). However, the effect of GVC participation on countries' TFP is ambiguous. The relationship between the GVC and TFP of Thailand was examined using secondary data. Results showed that R&D expenditure, backward GVC participation and forward GVC participation were positively related to Thailand's TFP. GVC participation with developed countries was shown to generate higher positive effects.

Keywords: GVC; global value chain; backward GVC; forward GVC; TFP; total factor productivity; Thailand.

DOI: 10.1504/IJTGM.2023.132048

International Journal of Trade and Global Markets, 2023 Vol.17 No.3/4, pp.253 - 260

Received: 23 Jun 2021
Accepted: 25 Aug 2021
Published online: 07 Jul 2023 *

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