GTAP Resources: Resource Display
| GTAP Resource #7575 |
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"The Impact of Digitalization on Global Manufacturing Value Chains: Regional Dynamics in the Age of Industry 4.0" by Xu, Peiyu and Rahul Sen Abstract This paper investigates the impact of Industry 4.0 on global manufacturing value chains (GVCs), focusing on how different regions with varying levels of technological advancement integrate digitalization into their manufacturing sectors. By utilizing an economy-wide model and multi-regional input-output (MRIO) framework, the study examines both the economic impacts and sector-specific changes in GVC participation due to Industry 4.0. The results reveal that digitalization improves regions’ welfare, increases GDP, and boosts international trade, and enhances share of foreign content in countries’ exports, facilitating greater integration in GVCs. However, its effects on countries’ exports for re-exports are more nuanced. The results also indicate that intermediate goods imported for domestic final goods production with only one cross-border transaction benefit from greater efficiency, while those involved in at least two cross-border transactions face challenges. Overall, the results show that digitalization is reshaping the structure of GVCs, promoting regionalization, and altering the dynamics of global production. The results provide insights into the future of manufacturing GVCs, particularly in the context of uneven digital technological adoption across regions. |
| Resource Details (Export Citation) | GTAP Keywords | ||||||||||||||||
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- Sustainable development - GTAP Data Base and extensions - Technological change - Global |
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Public Access  Paper (511.1 KB) Replicated: 0 time(s)Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 9/15/2023 2:05:45 PM
