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Domestic Value Chain, Dual Outsourcing and Coordinated Development of Regional Economy: Evidence from Yangtze River Economic Zone

【Authors】
CHEN Qifei, WU Qiang
【WorkUnit】
CHEN Qifei (Nanjing University of Finances and Economics, 210023)
WU Qiang (Nanjing University, 210093)
【Abstract】

At present, China is facing the problem of the gradual expansion of the regional economic growth gap Using Shanghai as a reference point, this article matches international trade in merchandise and services with input-output tables and statistical yearbooks, measuring the onshore outsourcing and offshore outsourcing in Yangtze River economic zone from both provincial and industrial perspectives. In addition, based on the measurement, we analyze the impact of dual outsourcing on coordinated development of regional economy. The empirical results demonstrate that: firstly, offshore outsourcing has the efficiency characteristic. When offshore outsourcing increases by 1%, the disparity of coordinated development in regional economy grows by 0.074%. On the other hand, onshore outsourcing has the fairness characteristic. When it increases by 1%, level of coordinated development in regional economy is improved by 0.0726%. Secondly, unconventional outsourcing is an important method to promote coordinated development of regional economy. Both unconventional offshore outsourcing and unconventional onshore outsourcing can significantly promote coordinated development of regional economy. Thirdly, offshore outsourcing and onshore outsourcing show typical gradient characteristics. As samples extend to inland area, the effect of dual outsourcing is weakening. Furthermore, robustness tests show that the empirical results do not change over time or space. This research indicates that facing the de-globalization trend, building domestic value chain, and developing onshore outsourcing and unconventional outsourcing are effective means to achieve coordinated development of regional economy.

JEL:F13, O14, O24

【KeyWords】
Domestic Value Chain, Onshore Outsourcing, Offshore Outsourcing, Yangtze River Economic Zone