Contemporary Finance & Economics ›› 2021, Vol. 0 ›› Issue (12): 115-125.

• Industry & Trade • Previous Articles     Next Articles

Digital Technology and the Global Value Chains Specialization: Empirical Evidences from China’s Subdivided Industries

WANG Bin1, GAO Jing-feng1, SONG Yu-jie2   

  1. 1. Shandong University of finance and Economics, Jinan 250014;
    2. Shandong Normal University, Jinan 250358, China
  • Received:2021-07-27 Online:2021-12-15 Published:2021-12-20

Abstract: At the time when the digital economy and the global value chains specialization converge, studying how digital technology affects China’s participation in the global value chains specialization is of great practical significance for building a strong trade country and developing a high-quality economy. From the perspective of production factors, this paper proposes a new idea of measuring the global value chains specialization, and it uses the input-output table to measure the degree of China’s participation in the global value chains specialization and the digital technology used by various industries in China. The results show that digital technology has significantly promoted the degree of China’s participation in the global value chains specialization, and that China using its domestic digital technology can better promote China’s participation in the global value chains. In addition, the use of digital technology can play a more important role in promoting China’s participation in the global value chains specialization in the EU region, the agricultural selecting and processing industries and the manufacturing industry, as well as the complex global value chains specialization. China should attach importance to the development of domestic digital technology, explore the potential of foreign digital technology, make full use of the opportunities brought by digital technology, and further deepen its participation in the global value chains specialization.

Key words: digital technology, global value chains specialization, production factors, input-output table

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