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Regional Global Value Chain, Market Fragmentation and Industrial Upgrading: An Analysis from the Perspective of Spatial Spillover

【Authors】
SHENG Bin, ZHAO Wentao
【WorkUnit】
Nankai University, 300071.
【Abstract】

At present, the pain of domestic economic transformation is obvious, and the industrial structure needs to be upgraded. In this context, pooling the two markets and two resources at home and abroad together, and comprehensively analyzing the industrial upgrading problem from the perspective of global value chain (GVC) become the key to industrial upgrading and economic transformation. For this reason, from the perspective of spatial spillover, this paper analyzes the spatial dependence of regional industrial upgrading and the spatial spillover effect of regional GVC embeddedness on industrial upgrading. The study finds that it has positive spatial dependence within inter-regional industrial upgrading and the effect of GVC embeddedness on industrial upgrading has not only intra-regional but also inter-regional spillover, and the spatial spillover accounts for more than 58% of the total effect and becomes an important source of industrial upgrading. Further analysis shows that regional market fragmentation weakens the inhibition effect of GVC embeddedness on industrial structure's rationalization and the promotion effect on industrial structure's optimization. Therefore, regional GVC embeddedness should not only promote industrial upgrading, but also control the unbalanced development across industries reasonably. Meanwhile, regional market fragmentation should be resolved, and the market competition environment should be improved to eventually deepen domestic reform on all fronts by high-level opening up.

JEL:C20,F14,L16

【KeyWords】
Global Value Chain, Industrial Upgrading, Spatial Spillover Effect, Rationalization of Industrial Structure, Optimization of Industrial Structure