Scandinavian Working Papers in Economics

Papers in Innovation Studies,
Lund University, CIRCLE - Centre for Innovation Research

No 2017/15: Global value chains, national innovation systems and economic development

Jan Fagerberg (), Bengt-Åke Lundvall () and Martin Srholec ()
Additional contact information
Jan Fagerberg: TIK, University of Oslo, Postal: Norway
Bengt-Åke Lundvall: Aalborg University, Postal: Denmark
Martin Srholec: CERGE EI, Postal: Czech Republic

Abstract: This paper deals with the role of global value chains (GVC) and other aspects of “openness” for economic development. To analyse the issue a comprehensive framework that allows for the inclusion of a range of relevant factors including not only different form of openness, such as GVC participation, but also technological and social capabilities, is developed. The analysis is based on evidence from 125 countries, including many developing nations, over the period 1997-2013. It is shown that economic growth reflects the strength of the national innovation system and that GVC participation is not the potent driver of economic growth that tends to be assumed.

Keywords: Global value chains; openness; capability; national innovation system; economic development

JEL-codes: F43; O10; O30; O40; O57

36 pages, October 5, 2017

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201715_fagerberg_et_al.pdf PDF-file 

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