The Influence Of China's Equipment Manufacturing Industry Service On Its Global Value Chain Participation

Compared with other industries,the equipment manufacturing industry needs a lot of capital accumulation and knowledge precipitation in the development process.The service level of the equipment manufacturing industry occupies the highest position in the manufacturing industry.With the development of the service economy,the integration trend of the service industry and the manufacturing industry is more and more obvious.By increasing the input of service products,the proportion of service product input in the manufacturing industry is more and more obvious Large,the process is called manufacturing input service.The equipment manufacturing industry can improve the global competitiveness of products,reduce the cost of organization and management,and enhance the participation of global value chain.It can climb from the low end of the value chain to both ends of the value chain,so as to obtain more added value of products.In view of this,through empirical analysis,this paper takes the growth rate of per capita intermediate input,per capita capital stock,labor compensation rate and capital compensation rate as control variables to study the effect of China's equipment manufacturing industry service on its value chain participation;adding cross variables,this paper studies the influence of equipment manufacturing industry service on its global value chain participation under the influence of labor productivity And degree of influence.This paper first combs the connotation of manufacturing service,studies the internal mechanism of its impact on the participation of global value chain,and then calculates the service indicators of equipment manufacturing industry,the forward participation indicators of global value chain and the backward participation indicators of global value chain based on the world input-output table data from 2000 to 2014,and introduces the growth rate of per capita intermediate input and per capita capital into the model Stock growth rate,labor compensation rate growth rate and capital compensation rate growth rate as control variables,labor productivity as cross variables,in order to ensure the stability and accuracy of the results,first pass the unit root test,at the same time use ordinary OLS,random effect and fixed effect regression,use Hausmann test to determine the optimal regression method as fixed effect.In the following paper,cross variables androbustness tests are added to verify the conclusions of three regression methods: General OLS,random effect and fixed effect regression.The forward participation degree of global value chain is divided into forward simple participation degree and forward complex participation degree,and the backward participation degree of global value chain is divided into backward simple participation degree and backward complex participation degree,which are regressed with previous explanatory variables and control variables respectively as robustness test.The final conclusion of this paper is as follows: China's equipment manufacturing industry service improves the participation of global value chain of equipment manufacturing industry by improving industrial innovation ability,reducing production cost,improving operation efficiency,reducing enterprise risk and expanding market scale;the influence of equipment manufacturing industry service on the backward participation of global value chain is slightly greater than that on the forward participation;equipment manufacturing In the case of low labor productivity,the input of service products has a crowding out effect on the improvement of industrial production efficiency,so service can not effectively promote the improvement of global value chain participation.In this paper,we find that the growth rate of per capita capital is increasing,idle and inefficient capital growth is faster than expanding reproduction and efficient capital growth,so the growth rate of per capita capital can not significantly improve the participation of global value chain.Based on the results of the study,the conclusion is drawn and policy suggestions are put forward.