Relationship between Countries’ Energy Indicators and the Indices of GVC Participation: The Case of APEC Member Economies
Drobot E. Makarov I. Petrenko Y. Koshebayeva G.
March-1 2022MDPI
Energies
2022#15Issue 5
In the 21st century the importance of global value chains continues to grow. There is a scientific gap in the research on the relationship between countries’ energy indicators and the GVC participation indices. Based on the analysis of the APEC member economies’ GVC participation, the presence of quantifiable links between the countries’ energy indicators and GVC participation indices was identified. APEC member countries have a higher index of forward GVC participation compared to a rather low index of backward participation. We have confirmed the following hypotheses. Countries with higher energy consumption and countries exporting fuel have higher forward GVC participation. Energy importing countries and countries with higher energy intensity have higher backward GVC participation. Countries with higher energy intensity have lower forward GVC participation than countries with lower energy intensity. It was concluded that concerted efforts of APEC member economies are needed to increase GVC sustainability and develop unified energy policy standards. Managerial implications of energy efficient and sustainable GVCs will include competitive advantages growth for all the countries and suppliers participating in a particular GVC.
APEC , Domestic value added , Energy consumption , Energy imports , Energy intensity , Foreign value added , Fuel exports , Global value chain , GVC participation index
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PRIMEC Publishers, Corner Lane 2, Moscow, 117535, Russian Federation
Centre for Extra-Curricular Professional Education, Primorskaya 32, Vyborg, 188800, Russian Federation
Department of Management and General Humanitarian Disciplines, Lipetsk Branch of the Financial University under the Government of the Russian Federation, 12b International Street, Lipetsk, 398050, Russian Federation
Academic Department of Management and Business Technologies, Plekhanov Russian University of Economics, Stremyanny Lane 36, Moscow, 117997, Russian Federation
Faculty of Engineering Economics and Management, Non-Profit Limited Company, Karaganda Technical University, 56, Nursultan Nazarbayev Avenue, Karaganda, 100012, Kazakhstan
PRIMEC Publishers
Centre for Extra-Curricular Professional Education
Department of Management and General Humanitarian Disciplines
Academic Department of Management and Business Technologies
Faculty of Engineering Economics and Management
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