earticle

영어

This paper empirically investigates the extent to which increasing participation in global value chains affects accumulation of productive knowledge across products in the Korean manufacturing industries. Using OECD/WTO trade-in-value-added (TiVA) data and 800 different product complexity indexes from 2000 to 2012, this paper finds that participation in the global value chain may increase the accumulation of productive knowledge, and consequently improvement in product complexity increases firm productivity in the Korean manufacturing industries. In particular, a 1-percent increase in product complexity affects firm productivity by 0.52 percent. The results show that the accumulation of product complexity associated with greater participation in global value chains statistically significantly affects firm productivity in Korean manufacturing industries.