制度质量对价值链分工位置的影响--基于亚太地区的跨国实证研究

The Influence of Institutional Quality on the Value Chain Division Position: Based on Multinational Empirical Research in Asia-Pacific Region

利用WIOD数据,从资本专项性和套牢租金视角探讨制度质量对亚太地区各国价值链分工位置的影响及其微观路径。分析发现价值链下游生产工序的低替代弹性使得该阶段生产的投资具备更高的投资专项性,面临更严重的套牢租金问题。制度质量通过降低套牢租金,促使生产分工转向增值能力更强的下游阶段而改变价值链分工位置。接着采用安特拉斯下游度衡量指标,利用亚太地区主要国家的跨国面板数据就两者的关系进行检验。实证结果验证了影响的存在性和影响路径,即制度质量通过降低生产的套牢租金促进一国价值链分工位置提升,且作用大小随技术层次提高而变大。

Using the date of WIOD,the paper discussed the micro-path of the influence of institutional quality on the position in global value chain(GVC) from the perspective of capital specificity and holdup rents. The analysis found the lower elasticity of substitution of downstream production stages in GVC determined the investment for these stages of production have higher relationship-specific,facing much serious problem of holdup rent. By reducing holdup rent,institutional quality makes production division shifts to the downstream stages with greater value-added capability,andchanges the position in the GVC. Then using downstream indicator and the panel data of major countries in the Asiapacific region to do empirical test. The results showthe existence of this effect and its path. Institutional quality reduces holdup rents and promotes the position of a country's position in GVC,and the effect increasing with technology level.