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Abstract:
Using balanced panel data of 62 countries (regions) from 1995 to 2011, we explore the linkage between a country's participation in global value chains (GVC) and its carbon emissions using spatial panel econometric models. We find: First, positive spatial dependency does exist between countries. Second, forward and backward GVC participation has different spatial spillover effects, with the latter causing most of the spillovers. Third, regarding industry heterogeneity, the manufacturing sector generates a stronger spatial spillover than the service sector. High-tech manufacturing sub-industries show stronger spillovers, compared to low-tech sub-industries. Finally, we propose policy suggestions for international relations and environmental governance.
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EMERGING MARKETS FINANCE AND TRADE
ISSN: 1540-496X
Year: 2021
Issue: 3
Volume: 58
Page: 776-789
4 . 8 5 9
JCR@2021
2 . 8 0 0
JCR@2023
ESI Discipline: ECONOMICS & BUSINESS;
ESI HC Threshold:98
JCR Journal Grade:1
Cited Count:
WoS CC Cited Count: 27
SCOPUS Cited Count: 28
ESI Highly Cited Papers on the List: 0 Unfold All
WanFang Cited Count:
Chinese Cited Count:
30 Days PV: 0
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