双向FDI协同与中国产业全球价值链攀升

The Coordination of Two-way FDI and Upgrading of Industries of China in Global Value Chains

通过构建理论模型将双向FDI协同发展与全球价值链嵌入位置纳入统一的分析框架,基于国际生产分割理论,匹配WIOD数据库并利用中国行业层面的面板数据进行实证分析。结果表明:提高双向FDI协同发展程度能够促进我国产业全球价值链嵌入位置的攀升;与全球金融危机之前相比,金融危机后双向FDI协同对全球价值链嵌入位置的影响程度增大,且其对工业行业全球价值链嵌入位置的促进作用大于服务业;双向FDI的协同溢出效应通过技术内化渠道和人力资本结构升级渠道,推动了全球价值链嵌入位置的攀升;随着知识产权保护水平的变化,双向FDI协同对全球价值链嵌入位置的影响呈现出非线性特征。

This study first develops a theoretical model that integrates the coordinated development of two-way FDI and global value chains(GVCs)into a unified analysis framework.The model is then empirically tested using panel data at the industry level of China,as well as data from WIOD and other databases.We obtain four main results.First,improving the degree of two-way FDI’s coordination promotes the GVCs’embedded position.Second,when timeand industry-specific heterogeneous effects are considered,two-way FDI coordination has a mixed effect on the embedded position of GVCs.The impact was amplified following the global financial crisis.Two-way FDI coordination has a greater impact on the industrial sector and a lesser impact on the service sector.Third,the synergistic spillover effect of two-way FDI promotes the embedded position of industries in the GVCs through two channels,which include the internalization ability of knowledge and technology,and the advance of human capital structure.Fourth,the effect of two-way FDI coordination on the embedded position of GVCs exhibits nonlinear characteristics in response to changes in intellectual property protection.