Analysis Of The Impact Of International Capacity Cooperation On The Status Of GVC In Developing Countries

It has been ten years since the economic crisis broke out in 2008.Although the global economy has recovered in the past decade,there are still signs of recession,and global economic problems such as trade protectionism.The developing countries along the "one belt and one way" face double tests of "low end migration" and "high end reflux".Against this background,China has proposed the construction of the "one belt and one way".The developing countries along the border can play different countries' comparative advantages through multi-level international production capacity cooperation and jointly promote economic growth.International capacity cooperation is of great significance to the construction of new value chains and the creation of new economic growth points for developing countries along the "one belt and one road".In addition,some developing countries have historically upgraded their position in the global value chain through international capacity cooperation,while some developing countries have not upgraded their position in the global value chain through international capacity cooperation.Whether international capacity cooperation can enhance the status of GVC in developing countries has not reached a unified conclusion,which has also attracted more and more countries andscholars' attention.After reviewing the relevant literature at home and abroad,this paper finds that there are few studies on the impact of international capacity cooperation on the status of global value chain in developing countries.And most of them remain at the macro-strategic level.Then,the mechanism of international capacity cooperation on upgrading the status of GVC in developing countries is discussed from three aspects:technology spillover effect,industry transfer effect and factor allocation effect.From the two dimensions of trade transfer and capital transfer,the index of national capacity cooperation was constructed,and the index of global value chain status was constructed by using ESI index.Finally,the panel data of developing countries along the "one belt and one road" were used for regression analysis.From the above analysis,we can draw the following conclusions: First,international capacity cooperation can enhance the position of developing countries in the global value chain.Secondly,for countries with lower status of GVC,the effect of capital transfer,i.e.foreign investment absorbed,on their GVC status is greater than that of trade transfer,i.e.import trade.Thirdly,for countries with high status of GVC,the effect of trade transfer,i.e.import trade,on their GVC status is greater than that of capital transfer,i.e.foreign investment.In addition,control variables such as human capital,financial deepening level,R&D investment,infrastructure and industrialization level have a significant positive impact on the status of developing countries in the global value chain.These factors can also enhance the status of developing countries in the GVC.Finally,this paper puts forward some suggestions from two aspects: international capacity cooperation and upgrading the status of developing countries in the global value chain.