物流设施质量对中国参与全球价值链的影响

The Impact of Quality of Logistics Facilities on Participation of China in Global Value Chains

本文利用亚洲开发银行提供的贸易增加值分解数据,构建中国与贸易伙伴方在初级产业、制造业部门中的全球价值链参与程度指数,实证检验贸易伙伴方物流设施质量对中国产业部门参与全球价值链的影响。实证结果发现:在考虑了产业部门对物流设施质量的依赖性后,贸易伙伴方物流设施质量的提升有利于提高中国初级产业、制造业部门中对物流设施服务特别敏感的产业参与全球价值链的程度;但稳健性检验发现,不同经济体(主要是OECD经济体)物流设施质量对中国初级产业、制造业部门参与全球价值链的影响具有异质性;进一步检验物流设施质量变量可能存在内生性问题,回归结果表明,本文结论没有受潜在反向因果关系的影响而带来估计上的偏误。鉴于贸易伙伴方良好的物流基础设施质量有利于中国产业参与全球价值链,未来中国要加强与这些经济体的跨境物流体系建设,为中国发展自己主导的价值链创造有利条件。

This paper uses decomposed trade value-added data, provided by the Asian Development Bank( ADB), to construct a Global Value Chain( GVC) Participation Index between China and its trading partner in primary and manufacturing sectors,and empirically tests the effect of trading partner’s quality of logistics facilities on the participation of China in GVCs in some industrial sectors. The results suggest that,after taking the dependence of industrial sectors on the quality of logistics facilities into account,quality improvement of trading partner’s logistics facilities would promote participation of China in GVCs in these sectors. Furthermore,robustness tests find that the quality of logistics facilities in different economies( mainly OECD economies)has heterogeneous influence on primary and manufacturing sectors of China. We make a step further and notice that there may exist endogenous problem in the quality variable of logistics facilities. But regression results show that our conclusions haven’t affected by the potential reverse causal relationship. Since high-quality logistics facilities of trading partner can push forward participation of China in GVCs,we should speed up the construction of cross-border logistics system with these economies in the future,and create favorable conditions for our country to develop its own predominated value chains.