How Global Value Chains Affect Economic Output and Unemployment: An Empirical Evidence from ASEAN Countries

Authors

Sri Juli Asdiyanti Samuda, BPS (Badan Pusat Statistik)Follow

Document Type

Article

Abstract

This paper examines the effects of Global Value Chains on economic output and unemployment in ten ASEAN countries from 1999 to 2018. This study provides estimation using the system GMM and panel causality test to determine the effect of GVC thoroughly. The results indicate a positive and significant effect of global value chains on economic output in ASEAN countries. However, the findings also show that global value chains increase unemployment during the observation period. Heterogenous panel non-causality findings suggest that economic output does not affect the level of participation of GVC, but unemployment affects the level of participation in ten members of ASEAN countries.

Recommended Citation

Samuda, Sri Juli Asdiyanti (2023) "How Global Value Chains Affect Economic Output and Unemployment: An Empirical Evidence from ASEAN Countries," Bulletin of Monetary Economics and Banking: Vol. 26: No. 3, Article 6.
DOI: https://doi.org/10.59091/2460-9196.1795
Available at: https://bulletin.bmeb-bi.org/bmeb/vol26/iss3/6

First Page

513

Last Page

538

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License

Country

Indonesia

Affiliation

BPS-Statistic Indonesia