Abstract
This paper examines the global value chain position of Belt and Road countries, using a blend of theoretical research and empirical analysis, it investigates the driving factors behind the global value chain upgrading in these countries, specifically examining trade and investment as the key domains of study. This paper uses the value-added trade method and data from the ADBMRIO database to analyze the division of labor among 34 Belt and Road countries from 2007 to 2017. Regression models are then established using panel data to assess the impact of various factors on the global value chain upgrading. Findings reveal that tariff levels negatively affect Global Value Chain upgrading, while outward foreign direct investment has a positive impact. Economic development and human capital also positively influence Global Value Chain upgrading. However, the impact of technology research and development investment is relatively weak, and excessive physical capital hampers value chain upgrading due to imperfect market resource allocation mechanisms in most Belt and Road countries.
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How to cite this paper
Research on the Global Value Chain Upgrading in Countries along the Belt and Road Initiative
How to cite this paper: Qinyun Li. (2025) Research on the Global Value Chain Upgrading in Countries along the Belt and Road Initiative. Economic Perspectives and Trends, 2(2), 84-86.
DOI: http://dx.doi.org/10.26855/ept.2025.12.006