| "The Belt and Road" Initiative has brought China and other countries along the line into a framework of regional economic cooperation on the principle of seeking shared benefits through consultation and collaboration.With the continuous promotion of the initiative,countries also actively carry out in-depth economic and trade cooperation and develop towards integration.Meanwhile,on the economic background of "New Normal",China's manufacturing industry faces many problems,such as "Low-end Locking",disappearance of demographic dividend,increasing downward pressure on the economy,re-industrialization and trade sanctions in European countries and the United States,and improvement of manufacturing capacity in other developing countries,etc.Building and participating the "The Belt and Road" value chains has become an important way to promote the transformation and upgrading of manufacturing industry and enhance the status of the value chain.Therefore,the construction of "The Belt and Road" value chain has its necessity and epochal nature.Moreover,deeply exploring the impact of "The Belt and Road" value chains driving mechanism on the transformation and upgrading of China's manufacturing industry can lay a deeper foundation for further cooperation between China and other countries,so as to achieve the upgrading of the value chain.Based on the above point of view,from the perspective of value chain division,this article deeply studies how the producer and buyer driving mechanism will affect the transformation and upgrading of China's manufacturing industry in the process of participation and construction of "The Belt and Road" value chains.Specifically,based on the research background and research significance,this paper firstly reviews literatures from three aspects of value chain theory,industrial transformation and upgrading in the value chain,regional economic cooperation in "The Belt and Road"and industrial transformation and upgrading.Furtherly,from the theoretical level,based on the developing countries,this paper sets up the theoretical framework for the value chain driving mechanism affecting industrial transformation and upgrading,and make theoretical analysis through theoretical derivation of mathematical models,and put forward corresponding theoretical assumptions.Moreover,from the factual level,this paper analyzes the typical facts of the participation of the manufacturing sector in the international division and the development of the mutually beneficial cooperation of the manufacturing industry along "The Belt and Road" to provide practical basis and data support for further research.On this basis,combining the actual situation of the division between China and the countries along the line,analyzing how the driving mechanism of "The Belt and Road" value chains affect the transformation and upgrading of China's manufacturing industry.Then,this paper analyzes the typical facts of manufacturing industry participating in the international division from the perspective of reality.Furthermore,from an empirical point of view,a panel model is built at the whole level to test the symmetry effect of "The Belt and Road" value chains driving mechanism on the transformation and upgrading of China's manufacturing industry.Meanwhile,a NARDL model is built at the national level to test the asymmetric impact of "The Belt and Road" value chains driving mechanism on the transformation and upgrading of China's manufacturing industry and draw corresponding empirical results.Finally,on the basis of the corresponding conclusions from three aspects of reality analysis,theoretical analysis and empirical analysis,this paper puts forward feasible suggestions for China's further participation in "The Belt and Road" value chains division from the national level,industrial level and enterprise level to achieve transformation and upgrading of manufacturing industry.In theoretical analysis,based on the perspective of developing countries,this paper constructs "Three Countries Value-chain-division Mode" including developed countries,developing countries with better development and developing countries with weaker development.Firstly,based on the description of the basic model,this paper describes the equilibrium under the producer-driven mechanism and the buyer-driven mechanism of the value chain,and the overall equilibrium situation is analyzed to get the initial equilibrium state.Then,the equilibrium of the value chain between countries under the cooperation of forward and reverse division is analyzed,and the specific impact of different forms of value chain division on the industries of upstream and downstream countries from the three aspects of export trade structure,intermediate export scale and industrial structure are discussed,so as to draw the conclusion.Meanwhile,combining the actual situation of the division and cooperation between China and "The Belt and Road" countries,the paper takes the "value chain driving mechanism,division form,governance mode,upgrading of China's manufacturing industry" as the clue,and analyzes the mechanism of "The Belt and Road" value chains driving forces that affect the upgrading of manufacturing industry from three aspects of "value chain driving mechanism determines division","division determines value chain governance","value chain governance mode promotes transformation and upgrading of China's manufacturing industry",the corresponding conclusions are drawn.In reality analysis,this paper firstly analyzes the current situation of manufacturing industry participating in international division between China and other countries along the line,and specifically launches from FDI,OFDI,import and export,and further uses the value chain position index based on the "Production Length" to calculate the GVC position of manufacturing industry and its 14 subdivision industries of "The Belt and Road" countries,and the corresponding conclusions are drawn.Then,From the two perspectives of investment and trade,this paper analyzes the current situation of mutually beneficial cooperation between China and other countries along the line,and further constructs the "Evaluation Index System of Industrial Symbiosis" from four dimensions of competitiveness,complementarity,dependence and integration in the view of value added trade,and then calculates and analyzes the symbiosis level and select the industries with good performance between China and other countries along the line,so as to draw corresponding conclusions.In empirical analysis,combined with the results of GVC position and symbiosis level of manufacturing industry between China and other countries in the region,this article firstly,from the perspective of the symmetry,establishes a panel model from four dimensions of China's manufacturing export structure,value-added export scale,industrial structure rationalization,and industrial structure highness,which can be used to test the influence of "The Belt and Road" value chains driving mechanism on the transformation and upgrading of China's manufacturing industry on the whole level,and furtherly discuss the specific influence in the forward division and reverse division,so as to verify the assumptions in the theoretical analysis.Subsequently,from the perspective of the asymmetric influence,based on the Nonlinear Autoregressive Distributed Lag Model(NARDL),the panel model built before is improved,and at the national level,the paper tests the impact of producer and buyer driving mechanisms on the transformation and upgrading of China's manufacturing industry respectively in the division between China and different country along the line,so as to promote the upgrading of China's manufacturing industry to the maximum extent through "The Belt and Road" value chains driving mechanism.In political analysis,by summarizing the research conclusions of the above aspects,this article finds that although China's manufacturing industry is relatively upstream in the value chain in "The Belt and Road",it still needs to continue to undergo industrial transformation and upgrading to enhance industrial competitiveness and should also be continuously optimize the level of industrial symbiosis in manufacturing industries with other countries along the line.Industrial transformation and upgrading can be achieved from three aspects of the expansion of intermediate goods exports,the improvement of the export trade structure,and the optimization of the industrial structure.The value chain drive mechanism can be used to promote the transformation and upgrading of the manufacturing industry.The examination of the actual situation indicates that the current "The Belt and Road" value chain driving mechanism can generally promote the transformation and upgrading of China's manufacturing industry,and specific cooperation with different countries along the route can targeting different aspects of China's manufacturing upgrade process.On this basis,this article proposes corresponding policy recommendations from government level,industry level,and enterprise level.Specifically,at the government level,the "Belt and Road" construction should be further promoted to provide a good political and economic external environment,and encourage and guarantee that enterprises can "Go-out" smoothly,and at the same time increase the introduction of national capital along the route to promote the depth cooperation.At the industrial level,the construction of overseas economic and trade cooperation zones and overseas parks under the framework of "The Belt and Road" should be strengthened to provide a good platform for mutual benefit and win-win results,and to facilitate the further transfer of the manufacturing industry and strengthen the correlation between industries in various economies.At the same time,we should work with other service industries to build "The Belt and Road" value chain.At the enterprise level,Chinese enterprises should actively assist in technology and management while cooperating with companies in other countries along the route,and continuously carry out independent innovation to promote mutually beneficial and win-win.At the same time,it actively builds a multi-chain network covering information platforms,finance,logistics and other aspects in "The Belt and Road",which will comprehensively promote the transformation and upgrading of China's manufacturing industry. |
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