Can Global Value Chain Upgrading Promote Regional Economic Growth? Empirical Evidence and Mechanism Analysis Based on City-Level Panel Data in China

被引:2
作者
Li, Can [1 ,2 ]
He, Qi [3 ,4 ]
Ji, Han [5 ,6 ]
机构
[1] Northeastern Univ, Sch Business Adm, Shenyang 110167, Peoples R China
[2] Hainan Coll Econ & Business, Sch Financial Management, Haikou 571127, Peoples R China
[3] Univ Int Business & Econ, Res Inst Global Value Chains, Beijing 100029, Peoples R China
[4] Univ Int Business & Econ, Lab Global Value Chains, Beijing 100029, Peoples R China
[5] Chinese Acad Agr Sci, Agr Informat Inst, Beijing 100081, Peoples R China
[6] Minist Agr & Rural Affairs, Key Lab Agr Big Data, Beijing 100081, Peoples R China
基金
中国国家自然科学基金;
关键词
GVC upgrading; economic growth; transmission mechanism; capital accumulation; Chinese cities; SPECIALIZATION; INNOVATION; IMPACT; TRADE; TESTS;
D O I
10.3390/su151511732
中图分类号
X [环境科学、安全科学];
学科分类号
08 ; 0830 ;
摘要
Since launching its reforms and opening up, China has actively integrated itself into global value chains (GVCs) and experienced continuous growth. However, there exists a significant imbalance between GVC upgrading and economic growth across regions in China. Can GVC upgrading promote economic growth at the regional level? Despite the theoretical foundations and empirical evidence provided at the national level, research on GVC upgrading at the subnational level remains limited. This study constructs a temporal indicator to measure GVC upgrading at the finest subnational level, including cities at the prefecture level and above, and employs panel fixed effects (FE) and mediation models to examine the impact and mechanism of GVC upgrading on regional economic growth, aiming for a meaningful exploration in this area. The results show that GVC upgrading has a significant positive effect on regional economic growth with robust performance. Specifically, a 1-standard-deviation improvement in GVC upgrading leads to a 0.054-standard-deviation increase in the logarithm of per capita gross domestic product (GDP). Heterogeneity analysis shows that the promotion effect is more pronounced in coastal areas and administrative centers. Mechanism analysis indicates that GVC upgrading promotes regional economic growth by facilitating capital accumulation, promoting technological progress, and enhancing human resources, among which, facilitating capital accumulation plays the most significant role, accounting for over 70% of the economic growth effects associated with GVC upgrading. Thus, China should create an enabling environment for promoting GVC upgrading, enhance capital accumulation, foster regional innovation systems, improve the quality of human capital, and promote domestic market integration.
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页数:22
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