Using multinational input–output data, we analyze how the productivity of countries adjusted for participation in global value chains affects their output growth in manufacturing sectors. Based on parametric and non-parametric methods, we find that value-chain linkages are critical to the productivity–growth nexus and help to explain cross-country differences in sectoral output growth rates compared to the situation where these linkages are ignored. Our results have implications for macroeconomics, where they point to peer effects in productivity as drivers of growth, and for economic development, where they illustrate how the participation in global value chains may outweigh disadvantages in productive performance at the level of individual countries. They may also encourage future empirical tests of replicator dynamics to verify whether global value chains can explain the weak evidence of selection forces at the firm level.

中文翻译：

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生产力和差异增长中的同行效应：全球价值链视角

我们使用跨国投入产出数据，分析了为参与全球价值链而调整的国家生产力如何影响其制造业产出增长。基于参数和非参数方法，我们发现价值链联系对于生产力-增长关系至关重要，并且与忽略这些联系的情况相比，有助于解释部门产出增长率的跨国差异。我们的结果对宏观经济学有影响，它们指出生产率的同行效应是增长的驱动力，对经济发展也有影响，它们说明了参与全球价值链如何可能超过个别国家生产绩效的劣势。