Nexus of Technology Adoption, E-commerce, and Global Value Chains: The Case of Asia
Existing literature has examined either the key drivers of global value chain (GVC) exports or the factors affecting e-commerce growth. Studies that investigate the impact of e-commerce, in particular business-to-consumer (B2C) e-commerce, on GVCs are largely missing. The growing prevalence of digit...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
World Scientific Publishing
2022-09-01
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| Series: | Asian Development Review |
| Subjects: | |
| Online Access: | https://www.worldscientific.com/doi/10.1142/S0116110522500147 |
| _version_ | 1797829043756728320 |
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| author | JONG WOO KANG DOROTHEA M. RAMIZO |
| author_facet | JONG WOO KANG DOROTHEA M. RAMIZO |
| author_sort | JONG WOO KANG |
| collection | DOAJ |
| description | Existing literature has examined either the key drivers of global value chain (GVC) exports or the factors affecting e-commerce growth. Studies that investigate the impact of e-commerce, in particular business-to-consumer (B2C) e-commerce, on GVCs are largely missing. The growing prevalence of digital platforms centered around e-commerce marketplaces motivates this study to examine if e-commerce growth in an economy can affect its GVC exports and how information and communication technology infrastructure and technology adoption measures, payment systems, and delivery mechanisms can facilitate this growth. Panel ordinary least squares, feasible generalized least squares, and two-stage least squares estimations are used to determine the relationship between GVC exports and e-commerce sales. The results indicate empirical evidence of the positive impact of B2C e-commerce on GVC exports. The robust and positive impact of B2C e-commerce on GVC exports—when instrumented by secure internet servers, internet bandwidth, and digital payment schemes—suggests growth of B2C e-commerce in an economy can contribute to its GVC participation. |
| first_indexed | 2024-04-09T13:15:11Z |
| format | Article |
| id | doaj.art-01a2e5aac94d41eba327e3abff68d714 |
| institution | Directory Open Access Journal |
| issn | 0116-1105 1996-7241 |
| language | English |
| last_indexed | 2024-04-09T13:15:11Z |
| publishDate | 2022-09-01 |
| publisher | World Scientific Publishing |
| record_format | Article |
| series | Asian Development Review |
| spelling | doaj.art-01a2e5aac94d41eba327e3abff68d7142023-05-12T00:59:14ZengWorld Scientific PublishingAsian Development Review0116-11051996-72412022-09-013902457310.1142/S0116110522500147Nexus of Technology Adoption, E-commerce, and Global Value Chains: The Case of AsiaJONG WOO KANG0DOROTHEA M. RAMIZO1Asian Development Bank, Metro Manila, PhilippinesAsian Development Bank, Metro Manila, PhilippinesExisting literature has examined either the key drivers of global value chain (GVC) exports or the factors affecting e-commerce growth. Studies that investigate the impact of e-commerce, in particular business-to-consumer (B2C) e-commerce, on GVCs are largely missing. The growing prevalence of digital platforms centered around e-commerce marketplaces motivates this study to examine if e-commerce growth in an economy can affect its GVC exports and how information and communication technology infrastructure and technology adoption measures, payment systems, and delivery mechanisms can facilitate this growth. Panel ordinary least squares, feasible generalized least squares, and two-stage least squares estimations are used to determine the relationship between GVC exports and e-commerce sales. The results indicate empirical evidence of the positive impact of B2C e-commerce on GVC exports. The robust and positive impact of B2C e-commerce on GVC exports—when instrumented by secure internet servers, internet bandwidth, and digital payment schemes—suggests growth of B2C e-commerce in an economy can contribute to its GVC participation.https://www.worldscientific.com/doi/10.1142/S0116110522500147digital paymente-commerceGVCICT infrastructure |
| spellingShingle | JONG WOO KANG DOROTHEA M. RAMIZO Nexus of Technology Adoption, E-commerce, and Global Value Chains: The Case of Asia Asian Development Review digital payment e-commerce GVC ICT infrastructure |
| title | Nexus of Technology Adoption, E-commerce, and Global Value Chains: The Case of Asia |
| title_full | Nexus of Technology Adoption, E-commerce, and Global Value Chains: The Case of Asia |
| title_fullStr | Nexus of Technology Adoption, E-commerce, and Global Value Chains: The Case of Asia |
| title_full_unstemmed | Nexus of Technology Adoption, E-commerce, and Global Value Chains: The Case of Asia |
| title_short | Nexus of Technology Adoption, E-commerce, and Global Value Chains: The Case of Asia |
| title_sort | nexus of technology adoption e commerce and global value chains the case of asia |
| topic | digital payment e-commerce GVC ICT infrastructure |
| url | https://www.worldscientific.com/doi/10.1142/S0116110522500147 |
| work_keys_str_mv | AT jongwookang nexusoftechnologyadoptionecommerceandglobalvaluechainsthecaseofasia AT dorotheamramizo nexusoftechnologyadoptionecommerceandglobalvaluechainsthecaseofasia |