Research On Impact Of Entrepreneurship On Global Value Chain's Position

Under the circumstance of global production,the huge trade figures have brought about an amount of trade frictions and ulterior international condemnations to China.As a result,China's position in the GVC(Global Value Chain)and the puzzle that how much actual value are obtained is more thoughtful.Compared with United States,Japan and other developed countries,China is in mid-range of GVC,and the majority of the added value of trade belongs to developed countries that are in high-end of GVC.Hence,China is in urgent need of looking for a new engine to promote GVC's position.Meanwhile,in the era of knowledge economy,entrepreneurial activities gradually emerge and expand.Furthermore,with its own creativity,flexibility and market sensitiveness,entrepreneurship research has always been political hotspot,and also get the focus of many scholars.Therefore,effectively combining and exploring the relationship between GVC and entrepreneurship is of theoretical and practical significance.Extant literatures on entrepreneurship and GVC's position only hold scattered fragments,and there is a lack of theoretical study and empirical test for the multinational model and China.The scope of this research is multi-countries,including both developed countries and developing countries.At the same time,in order to enhance the practical significance,this research also focus on manufacturing level in China.The purpose of this study is to discuss the impact of entrepreneurship on GVC's position,which can provide suggestions for government.The research problems and content mainly includes: What kind of impact will entrepreneurship have on GVC's position? What is its theoretical basis and channels? Whether different entrepreneurship types and measures of GVC's position result in different influence? Compared with the results of the multinational level,whether the conclusion of China's industry level is different? If different,what is the difference and what cause the difference?Based on the unbalanced panel data,such as WIOD database,and GEM database,from 1999 to 2011,this paper assessed how entrepreneurship influences the GVC's position with the simultaneous equation model(SEM).Firstly,the results show that entrepreneurial activities significantly impact the GVC's position through entrepreneurship,network learning and knowledge spillover.At the same time,the promotion of GVC's position provides more entrepreneurial opportunities,which benefits entrepreneurial activities.Then,in difference analysis,through analyzing the structure of the added value of exports,this paper concludes that entrepreneurial activities improve domestic value added in the form of intermediate export,whereas decrease domestic value added in the form of the final product export.The result further provides evidence that entrepreneurial activities contribute to the ascension of the GVC.Based on different stages of entrepreneurial activities and the gender difference of the entrepreneurs,this paper finds that from the initial stage to the mature stage,the impact of entrepreneurial activities on GVC's position gradually increase;compared with women,the influence of men's entrepreneurial activities on GVC's position is more obvious.As for developing countries,developed countries' entrepreneurial activities' effect is more significant.Furthermore,by indexes of entrepreneurial spirit,entrepreneurial network,entrepreneurial media and entrepreneurial knowledge,the paper analyses the specific channels by which entrepreneurship influence GVC.To test whether the conclusion resulting from the international level adapt to Chinese industry,based on the results of the multinational study,the study utilizes 14 Chinese manufacturing sectors to explore the relationship between entrepreneurship and GVC.The industrial conclusion is consistent with the global analysis.In other words,encouraging entrepreneurship can promote GVC's position.This paper can provide strong evidence for countries to promote entrepreneurial activities and GVC's position,which complement each other.Policy suggestions of this article mainly includes: improving the business environment to enhance the level of entrepreneurship;coordinating regional development to build domestic value chain;adjusting the business policy for different entrepreneurial stage;encouraging women to entrepreneurship and improving the quality of entrepreneurship;expanding business knowledge to promote knowledge spillover;improving the investment environment to enhance the level of FDI.