The emergence and rapid expansion of global value chains (GVCs) have profoundly changed and reshaped the global trade regime. Although many determinants of GVC participation of enterprises have been discussed extensively in extant literature, the important influence of local institutional profile on GVC participation is often neglected. The purpose of this paper is to investigate the influence of local institutional profile on GVC participation.,Taking the World Bank Enterprise Survey as the empirical sample, it is used an econometric method (propensity score matching technique) to test the relationship between local institutional profile and GVC participation.,Local institutional quality is positively related to GVC participation. Moreover, GVC participants display better innovation performance than non-participants. Innovation benefit from GVC participation is contingent upon the abilities of the participants, namely, absorptive capacity and research and development collaboration experience. GVC participants who only either export or import is compared with those who export and import; the findings show that the latter benefits more than the former.,This study offers researchers and practitioners a detailed view of local institutional profile and GVC participation.

中文翻译：

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地方机构形象对全球价值链参与的影响

全球价值链（GVC）的出现和迅速扩展已经深刻改变并重塑了全球贸易体制。尽管在现有文献中已经广泛讨论了企业参与GVC的许多决定因素，但常常忽略了当地机构概况对GVC参与的重要影响。本文的目的是调查地方机构概况对全球价值链参与的影响。以世界银行企业调查为经验样本，采用计量经济学方法（倾向得分匹配技术）检验地方机构概况之间的关系。 GVC参与。地方机构质量与GVC参与正相关。此外，GVC参与者显示出比非参与​​者更好的创新绩效。GVC参与所带来的创新收益取决于参与者的能力，即吸收能力和研发协作经验。将仅出口或进口的GVC参与者与出口和进口的GVC参与者进行比较；研究结果表明，后者比前者更具益处。本研究为研究人员和从业人员提供了有关当地机构概况和GVC参与的详细视图。