How does Institutional Quality Affect the Global Value Chain Embedding Position of Service Industry

Abstract

Abstract: With the service industry becoming the focus of the new round of high-level opening up, the position of global value chain of service industry has attracted a growing number of attentions. This paper constructs a theoretical mechanism of the institutional quality that influences the position of global value chain of the service industry, and takes the cross-border panel data from 61 countries as samples to empirically investigate the above effect. The research results indicate that the institutional quality has a significantly positive correlation with the embedding position of global value chain of service industry, and that the institutional quality has a significant threshold effect on the embedding position of global value chain of service industry. Additionally, R&D expenditure, industrial structure and information infrastructure can play a significant regulating role in the impact of the institutional quality on the position of global value chain of service industry. On this basis, in the context of the new pattern of comprehensive opening up, this paper puts forward some policy suggestions to improve the status of global value chain of service industry, such as optimizing institutional supply, creating a high-quality business institutional environment, etc..

Key words: institutional quality, global value chain, service industry, high-quality opening up, threshold effect

CLC Number:

F740

HAN Shen-chao, XU Shan. How does Institutional Quality Affect the Global Value Chain Embedding Position of Service Industry[J]. Contemporary Finance & Economics, 2021, 0(3): 112-123.

References

[1] Baldwin R.,Forslid R.,Ito T.Unveiling the Evolving Source of Value Added in Exports[R].Joint Research Program Series,NO.161,Institute of Developing Economies,2015: 1-33.
[2] 陈健,赵迪,赵洋.中国服务业全球价值链分工嵌入:生产分割解构视角的探讨[J].产业经济评论,2020,(3):75-92.
[3] Wang Z.,Wei S.J.,Yu X.D.,Zhu K.F.Characterizing Global Value Chains: Production Length and Upstreamness[R].National Bureau of Economic Research Woring Paper NO.23261,2017.
[4] Gereffi G.Global Value Chains in a Post-Washington Consensus World[J].Review of International Political Economy,2014,21(1): 9-37.
[5] Feenstra R.C.Integration of Trade and Disintegration of Production in the Global Economy[J].Journal of Economic Perspectives,1998,12(4): 31-50.
[6] Krugman P.,Cooper R.N.,Srinivasan T.N.Growing World Trade: Causes and Consequences[J].Brookings papers on Economic Activity,1995,26(1): 327-377.
[7] Gereffi G.,Sturgeon T.Global Value Chain-Oriented Industrial Policy: The Role of Emerging Economies[EB/OL].(2013-03-06)[2021-01-25].https://ewsdata rightisndevelopment.org/files/documents/19/ADB-BR-L1419 SHS0nQZ.pdf.
[8] Antràs P.,Chor D.,Fally T.,Hillberry R.Measuring the Upstreamness of Production and Trade Flows[J].American Economic Review,2012,102(3): 412-16.
[9] Hagemejer J.,Ghodsi M.V.Up or Down the Value Chain? The Comparative Analysis of the GVC Position of the Economies of the New EU Member States[J].Central European Economic Journal,2017,1(48): 1-19.
[10] Keane J.Effectively Governing Global Value Chains: The Institutional Interface[EB/OL].(2017-08-07)[2021-01-25].https:/thecommonwealth.org/sites/default/files/news-items/documents/Future%20Fragmentation LR.pdf#page=72.
[11] 唐海燕,张会清.产品内国际分工与发展中国家的价值链提升[J].经济研究,2009,(9):81-93.
[12] 戴翔,郑岚.制度质量如何影响中国攀升全球价值链[J].国际贸易问题,2015,(12):51-63+132.
[13] 李宏,陈圳.制度约束与全球价值链地位提升:制度红利的门槛效应[J].现代财经(天津财经大学学报),2018,(2):41-53.
[14] 戴翔,刘梦.人才何以成为红利——源于价值链攀升的证据[J].中国工业经济,2018,(4):98-116.
[15] 杜运苏,彭冬冬.生产性服务进口复杂度、制度质量与制造业分工地位——基于2000—2014年世界投入产出表[J].国际贸易问题,2019,(1):41-53.
[16] 刘宏曼,郎郸妮.农业参与全球价值链分工的制度影响研究——基于世界投入产出表的跨国面板数据[J].国际商务(对外经济贸易大学学报),2019,(1):11-20.
[17] 李建军,孙慧.全球价值链分工、制度质量与丝绸之路经济带建设研究[J].国际贸易问题,2016,(4):40-49.
[18] 陈立敏,周材荣,倪艳霞.全球价值链嵌入、制度质量与产业国际竞争力——基于贸易增加值视角的跨国面板数据分析[J].中南财经政法大学学报,2016,(5):118-126+160.
[19] 刘琳.全球价值链、制度质量与出口品技术含量——基于跨国层面的实证分析[J].国际贸易问题,2015,(10):37-47.
[20] Rutherford L.Global Value Chains,Tax and Trade: Upgrading the Position of Small States[EB/OL].(2017-08-07)[2021-01-25].https://thecommonwealth.org/sites/default/files/news-itms/documents/Future%20Fragmentation LR.pdf#page=90.
[21] 王敏,吴映梅,胡平平.全球价值链视角下中国服务业动态演进特征分析——基于TiVA数据库的新兴市场国家比较[J].商业经济研究,2020,(11):182-185.
[22] 乔小勇,王耕,郑晨曦.我国服务业及其细分行业在全球价值链中的地位研究——基于“地位-参与度-显性比较优势”视角[J].世界经济研究,2017,(2):99-113+137.
[23] 孟东梅,姜延书,何思浩.中国服务业在全球价值链中的地位演变——基于增加值核算的研究[J].经济问题,2017,(1):79-84.
[24] 李惠娟,蔡伟宏.全球价值链嵌入对中国服务业出口技术复杂度影响[J].国际贸易问题,2017,(1):70-80.
[25] 王欠欠,夏杰长.服务业全球价值链位置提升与制造业技术进步[J].世界经济研究,2019,(5):67-79+135.
[26] 刘文革,董暄.制度质量指数构建及其跨国比较[J].制度经济学研究,2016,(1):75-90.
[27] Ge J.,Fu Y.,Xie R.,Liu Y.,Mo W.The Effect of GVC Embeddedness on Productivity Improvement: From the Perspective of R&D and Government Subsidy[J].Technological Forecasting and Social Change,2018,135(10): 22-31.
[28] Fernandez-Stark K.,Bamber P,Gereffi G.The Offshore Serrices Value Chain: Upgrading Trajectories in Developing Countries[J].International Journal of Technological Leraing Lnnovation and Development,2011,4(1): 206-234.
[29] Gereffi G.Global Commodity Chains: New Forms of Coordination and Control among Nations and Firms in International Industries[J].Competition &Change,1996,1(4): 427-439.
[30] Levchenko A.A.Institutional Quality and International Trade by Andrei Levchenko[J].The Review of Economic Studies,2007,74(3): 791-819.
[31] 宣烨,陈启斐.生产性服务品进口技术复杂度与技术创新能力——来自全球高科技行业的证据[J].财贸经济,2017,(9):79-95+128.
[32] 杨仁发,张婷.服务业全球价值链地位攀升影响因素研究——基于跨国面板数据的实证分析[J].哈尔滨商业大学学报(社会科学版),2019,(5):3-12.