Global Value Chains Embedding And China's Manufacturing Transformation And Upgrading

Embedding in global value chains is a key part of economic globalization processes,and the core location of global value chains controls the flow of wealth across the entire global value chain,so countries of all over the world will join the global value chain and move towards the high end of the global value chain as the core strategy of industrial development.Since China's accession to the WTO in 2001,China's manufacturing embedded in the global value chain is becoming more and more common,the 19th Party Congress clearly put forward "to promote manufacturing enterprises to the high-end of the global value chain." However,since the global financial crisis in 2008,the economic growth has lacked momentum,overall maintaining the "three lows and one high" trend of "low interest rates,low inflation,low growth and high debt",and the manufacturing industry has become an important engine driving the economic development of various countries.Currently,China's economy has entered the new normal,the quality of economic development gradually improving,but simultaneously exposed that in the development process,there are unreasonable industrial structure,unscientific development model,insufficient originality and other issues.Our country should seriously summarize its own development defects,seize the opportunity of the times,seriously consider how to find a breakthrough in the global value chain,to achieve the transformation and upgrading of their own enterprises.Therefore,it is an important issue to examine the impact of embedding global value chains on the transformation and upgrading of China's manufacturing industry.Based on the perspective of technology,this paper mainly investigates the internal mechanism and degree of impact of the embedded global value chain on the transformation and upgrading of manufacturing industries through the influence of technology factors,which mainly include the two aspects of technological innovation and the mismatch of scientific and technological resources.First,this paper systematically analyzes the upgrading mechanism and path choice of China's manufacturing industry transformation and upgrading under the background of global value chain embedding,explains why this paper selects the technology factor as the entry point and defines the concept of technological innovation and mismatch of scientific and technological resources.Second,this paper analyzes the mechanism of function between embedded global value chains,technological innovation and manufacturing transformation and upgrading based on the endogenous growth model and the principle of cost discovery construct the theoretical model,and conducts an empirical test using the "OLS+robust standard error" and comprehensive "FGLS"methods.Third,it analyzes the mechanism between the embedded global value chain,the mismatch of scientific and technological resources and the transformation and upgrading of the manufacturing industry,and uses the comprehensive FGLS econometric regression method to empirically test the relationship between the three,and finally puts forward the relevant policy suggestions according to the conclusion of the research.Using the input and output table published by the WIOD database,using KPWW method,this paper measures the position of Chinese manufacturing enterprises embedded in the global value chain from 2001-2014,and measures the total factor productivity of the manufacturing industry by using the DEA-Malmquist method,which acts as a proxy variable for manufacturing transformation and upgrading.In the study of embedded global value chain,technology resource mismatch and manufacturing transformation and upgrading,and the theoretical model is constructed based on the in-house growth model,and then a two-factor production sector is formed,which includes scientific and technological human resources and scientific and technological financial resources,to measure the mismatch of science and technology resources in various industries and quantifies the improvement of the mismatch of science and technology resources embedded in global value chains.This paper finds that embedding global value chain can promote the transformation and upgrading of manufacturing industry as a whole,but because of the "low-end lock","absorption threshold" and other factors,embedding the global value chain can not bring about technological innovation and thus promote the transformation and upgrading of manufacturing industry,there is a positive "U"-type relationship between global value chain embedding and manufacturing transformation and upgrading.And manufacturing enterprises embedded in global value chains can easily cross the inflection point to realize the positive correlation between global value chain embedding and manufacturing transformation and upgrading.However,embedding global value chains can effectively improve the mismatch of scientific and technological resources of domestic manufacturing enterprises,and thus promote the transformation and upgrading of manufacturing industry.China's manufacturing enterprises have a certain degree of mismatch of scientific and technological human resources and scientific and technological financial resources mismatch,the mismatch of scientific and technological resources seriously damaged the output of the science and technology sector,thereby reducing the whole factor productivity of the manufacturing industry,embedded in the global value chain,manufacturing enterprises through the optimization and integration of scientific and technological resources,Improve the efficiency of resource allocation of science and technology resources to achieve transformation and upgrading.Based on the above conclusions,this paper puts forward the policy suggestions on how to embed the manufacturing industry in the global value chain and how to achieve the leap in the position of the global value chain.