摘要
文章通过建立一个基于全球价值链分解的跨国生产模型,探究了投资国延伸全球价值链对海外生产规模的影响及其作用机制,并利用2007—2021年中国外资制造业企业生产规模及其母国各行业全球价值链长度的非平衡面板数据进行实证检验。文章研究结果表明,投资国全球价值链长度的延伸将显著促进中国外资企业生产的扩张,且通过提高投资国的海外生产份额和在华子公司的全要素生产率两条传导机制予以实现。异质性分析发现,这一促进效应在大型及老牌外资企业、技术密集型行业、与中国签订双边投资协定及经济发达的投资国、位于东部地区的外资企业上更为明显。文章在当前全球价值链分解从高速推进期转入深度调整期的背景下,为中国制定“稳外资”政策提供了理论依据和决策参考。
The restricted fragmentation and decomposition of the global value chain(GVC)prevent the cross-border transfer of production segments.This study constructs a transnational production model based on GVC decomposition to examine how GVC extension by home countries affects the overseas production scale and its underlying mechanisms,and then employs unbalanced panel data on the production scale of foreign-invested manufacturing enterprises in China and GVC length across industries in their home countries from2007to2021for empirical testing.The results show that the extension of GVC length in the home country significantly promotes the production expansion of its overseas subsidiaries in China,which is achieved through two transmission channels:increasing the share of the home country′s overseas production and enhancing the total factor productivity of its Chinese subsidiaries.Heterogeneity tests show that the promotion effect is more pronounced for large and well-established foreign-invested enterprises,technology-intensive industries,home countries that have signed bilateral investment treaties with China and are economically developed,and foreign investments located in eastern regions.This study provides theoretical foundations and policy references for China′s strategy to stabilize foreign direct investment amid the current transition of GVC decomposition from rapid advancement to profound adjustment.
作者
陈培如
黄淑君
陈晓林
赖丽雯
CHEN Peiru;HUANG Shujun;CHEN Xiaolin;LAI Liwen
出处
《世界经济研究》
北大核心
2025年第6期68-84,M0003,共18页
World Economy Studies
基金
国家社会科学基金青年项目“全球产业变革下中国FDI增速放缓成因、影响机制及对策研究”(项目编号:20CJL015)。
