The Global Value Chains and Their Extension in China: Regional Interactions and Value-added Gains
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| Title | The Global Value Chains and Their Extension in China: Regional Interactions and Value-added Gains
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| Author | Pan Wenqing and Li Genqiang |
| Organization | School of Economics and Management, Tsinghua University |
| Email | panwq@sem.tsinghua.edu.cn，ligq.13@sem.tsinghua.edu.cn |
| Key Words | Global Value Chains; National Value Chains; Value-Added Supply-Demand Preference; Trade Gains in Value Added |
| Abstract | Based on the Trans-national Inter-regional Input Output Tables including trade information of different regions of China, this paper studies the supply-demand roles of China's domestic regions and value-added interactions among China and other Asia-Pacific economies during the extension process of global value chains into China's domestic regions from the perspectives of both demand and supply of value added, and further evaluates trade gains in value added China's regions obtain from participating the national value chains (NVC) and the global value chains (GVC) from the perspective of value added efficiency. By the complete value-added accounting of exports for Asia-Pacific economies, this paper investigates the meticulous linkages between domestic regional value chains and foreign value chains and finds that China's domestic regions exhibit an obvious regional preference for economic poles, and a reciprocal value-added supply-demand linkage exists significantly between the inland and the coastal in China as well as between developing Asia-Pacific economies and developed ones such as United States and Japan. For trade gains, NVC is better than GVC based on measurements at both value added level and value added rate, while the inland of China exhibits basically a higher gain rate in value added than the coastal in both NVC and GVC. Furthermore, regions themselves capture most of trade gains from their participating the value chains, the rest of which is distributed to other regions as it does in value-added supply-demand linkages, implying closer supply-demand relationship in value added comes along with larger mutual benefits and stronger win-win cooperation. |
| Serial Number | WP1286 |
| Time | 2018-07-06 |
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