Research On The Influence Machanism Of Global Value Chain Participation On The Quality Of Manufacturing Economic Growth

Over the past 40 years of reform and opening up,China's economic growth has achieved tremendous development achievements that have attracted worldwide attention.This successful experience can be summed up as reform and opening up.The essence of China's development of an open economy is to integrate into the economic globalization characterized by the division of labor in the global value chain.Over the years,rapid economic growth has prompted China to shift from "poverty and backwardness" to "prosperity",thus changing the main contradictions in the primary stage of socialism with Chinese characteristics.As for how to solve this contradiction,the report of the Nineteenth National Congress pointed out that the quality of development should be placed in an important position.Therefore,the key question now is whether integration into the global value chain division system has an important impact on the quality of economic growth.If the answer is yes,how can the new stage achieve high-quality economic growth by further integrating into the global value chain division system? On the one hand,using WIOD and World Bank database from 2000 to 2014,this paper calculates the global value chain participation index of China's various industries in the world input-output table,and uses principal component analysis to measure the quality index of economic growth,and tests the relationship between the global value chain participation and the quality of economic growth from the macro level.On the other hand,we use the micro-enterprise data of China Customs Import and Export Database 2000-2008 and the combined data of China Industrial Enterprise Database to calculate the foreign added value rate of each enterprise's exports.Then we use the principal component analysis method to calculate the quality of economic growth of each enterprise,and measure the effect of improving the quality of economic growth of global value chain participation from the micro level.Proven.The conclusions are as follows: Firstly,the degree of participation in global value chain can significantly improve the quality of economic growth,whether at the industrial level or at the enterprise level.Second,the impact of GVC participation on the quality of economic growth varies according to the heterogeneity of different firms.Specifically,the impact of global value chain participation on economic growth is more obvious in wholly foreign-owned enterprises,while the impact of global value chain participation on economic growth is weaker in other types of enterprises.The impact of GVC participation on economic growth is significantly positive in enterprises with single export product type,while the impact of GVC participation on the quality of economic growth is uncertain for enterprises with multiple export product types.Thirdly,the above-mentioned characterization exists between the participation degree of global value chain and the quality of economic growth,which may be related to the following three mechanisms: export effect,intermediate effect and technology spillover effect.The empirical conclusions also support the conclusion that the participation degree of global value chain can affect the quality of economic growth through the above three mechanisms.Fourthly,the robustness analysis using appropriate alternative indicators at both the industrial level and the micro level further supports the core point of this paper.In the critical stage of China's economic development,which urgently needs to change from high-speed growth to high-quality development,under the background that the quality of economic growth has been accepted by the Nineteenth National Congress as a new round of economic growth target,this study will not only help us to understand more deeply the relationship between the integration of global value chain participation and the quality of economic growth,but also for China's current strategic transformation of opening up,that is,China.How to make use of the strategic opportunity of integrating into the division of labor in global value chain to promote high-quality economic growth in the further expansion of opening up can provide important inspiration and reference.