Projekte pro Jahr
Abstract
Initially based in the ICT sector, technologies based on intangible assets have since generalized throughout the economy and are playing a central role in the digitalization of manufacturing. As global value chains (GVCs) potentially bring such changes to developing countries, hopes are raised for “sustainable industrialization,” where the greater scalability, spillovers and synergies engendered by intangible assets could favor more rapid economic upgrading while at the same time unleashing significant gains in energy efficiency. To better assess the plausibility of such projections, this paper conducts a cross-country panel study of GVCs in 30 sectors and 67 countries between 1995 and 2018. The link is explored between the intangible asset intensity of GVCs and each of the two pillars of sustainable industrialization: energy efficiency and developing country upgrading. The results find little evidence for the optimistic view, suggesting that intangible spillovers in GVCs may be limited by winner take most dynamics and tendencies toward intellectual property monopolies. The path toward sustainable structural transformation in developing economies is therefore likely to require more active forms of industrial policy and a financial architecture that favors them.
Originalsprache | Englisch |
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Erscheinungsort | Wien |
Herausgeber | WU Vienna University of Economics and Business |
Seiten | 1-66 |
Seitenumfang | 63 |
DOIs | |
Publikationsstatus | Veröffentlicht - 22 Feb. 2023 |
Publikationsreihe
Reihe | Ecological Economic Papers |
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Band | 45/2023 |
WU Working Paper Reihe
- Ecological Economic Papers
Projekte
- 2 Abgeschlossen
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Disruptive money: Transition risks management in monetary policy and financial regulation and growth regime stability
Cahen-Fourot, L. (Stellvertretende Projektleitung ohne Vollmacht), Knauss, S. (Projektleitung) & Konrad, V. (Kontaktperson für administrative Abwicklung)
1/02/21 → 31/08/23
Projekt: Forschungsförderung
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Disruptive Money: Disruptive Money
Knauss, S. (Projektleitung), Konrad, V. (Kontaktperson für administrative Abwicklung) & Cahen-Fourot, L. (Stellvertretende Projektleitung ohne Vollmacht)
1/02/21 → 31/08/24
Projekt: Forschung