000			01658nam a22001457a 4500
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100			_aBanga, Karishma and Goldar, Bishwanath _959965
245			_aOptimising manufacturing growth: When to decouple from global value chains?
260			_aJournal of Social and Economic Development
300			_a27(2), Supple-Sep, 2025: p.218-242
520			_aIn this paper, we empirically examine how increasing forward and backward global value chains (GVC) linkages affect manufacturing growth in a set of low- and middle-income countries for the period 1995–2018. Using panel data methodologies of fixed-effects, quantile, and threshold regressions, we find that the relationship between these linkages and manufacturing growth is nonlinear. Our results reveal that there is a positive relationship between backward linkages (BL) and manufacturing growth, but once BL exceed the 11–20% range, the relationship becomes negative. Similarly, FL can drive manufacturing growth up to a certain threshold, beyond which it no longer boosts growth and may even start to reduce it. The negative relationship between GVC linkages and manufacturing growth is attributed to the ‘in–out–in’ theory of GVC participation. Based on these findings, we identify countries that can benefit from increasing GVC participation and those that will benefit from a decoupling from GVCs.- Reproduced https://link.springer.com/article/10.1007/s40847-024-00399-5
650			_aGlobal value chains, Manufacturing growth, Panel data, Linkages _959966
773			_aJournal of Social and Economic Development
942			_cAR