Goldar, Biswanath and Goldar, Anindita creator text Economic & Political Weekly monographic eng

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61(18), May 2. 2026: p.41-47 Using data on Indian manufacturing firms for 1999–2019, this paper examines the impact of participation in global value chains on total factor productivity. GVC participation—captured through exports, imports of intermediate inputs, and, in some cases, outward foreign direct investment—is identified using cluster analysis. The analysis employs a propensity score matching difference-in-differences approach, along with an advanced estimation method. The findings indicate that GVC participation has a statistically significant and positive effect on firm productivity. Even limited participation yields gains, while deeper integration into GVCs leads to further improvements in TFP.-Reproduced https://www.epw.in/journal/2026/18/special-articles/productivity-gains-global-value-chains.html Economic & Political Weekly 260518