The impact of global value chain restructuring on the product structure of China-EU exports

IF 2.9 3区经济学 Q1 ECONOMICS

Journal of Asian Economics Pub Date : 2024-01-08 DOI:10.1016/j.asieco.2024.101708

Hongyuan Zhang, Yibing Ding

{"title":"The impact of global value chain restructuring on the product structure of China-EU exports","authors":"Hongyuan Zhang, Yibing Ding","doi":"10.1016/j.asieco.2024.101708","DOIUrl":null,"url":null,"abstract":"<div><p><span>Using the Asian Development Bank Multi-Regional Input-Output Tables (ADB-MRIO) and the UIBE GVC Indicators Database, this paper selects the data of 14 manufacturing </span>industries in China from 2007 to 2020, and empirically studies the impact of global value chain restructuring on the product structure of China-EU exports. Research shows that the restructuring of global value chain is conducive to the optimization of China-EU export product structure, and has a stronger effect on high-tech industries. Among them, the labor cost-driven global value chain restructuring is not conducive to the upgrading of China-EU export product structure, while the technological progress-driven global value chain restructuring is helpful to the upgrading of the product structure of China-EU exports. Further research finds that the global value chain restructuring driven by the US trade protection policy is conducive to the upgrading of China-EU export product structure. The research of this paper is helpful for China to strengthen China-EU cooperation and upgrade export trade structure in the new wave of global value chain restructuring. This paper can provide a possible path for China and other developing countries to explore high-quality economic development and provide relevant reference value for policy formulation related to the establishment of long-term trade cooperation with the EU.</p></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"91 ","pages":"Article 101708"},"PeriodicalIF":2.9000,"publicationDate":"2024-01-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Asian Economics","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1049007824000034","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}

引用次数: 0

Abstract

Using the Asian Development Bank Multi-Regional Input-Output Tables (ADB-MRIO) and the UIBE GVC Indicators Database, this paper selects the data of 14 manufacturing industries in China from 2007 to 2020, and empirically studies the impact of global value chain restructuring on the product structure of China-EU exports. Research shows that the restructuring of global value chain is conducive to the optimization of China-EU export product structure, and has a stronger effect on high-tech industries. Among them, the labor cost-driven global value chain restructuring is not conducive to the upgrading of China-EU export product structure, while the technological progress-driven global value chain restructuring is helpful to the upgrading of the product structure of China-EU exports. Further research finds that the global value chain restructuring driven by the US trade protection policy is conducive to the upgrading of China-EU export product structure. The research of this paper is helpful for China to strengthen China-EU cooperation and upgrade export trade structure in the new wave of global value chain restructuring. This paper can provide a possible path for China and other developing countries to explore high-quality economic development and provide relevant reference value for policy formulation related to the establishment of long-term trade cooperation with the EU.

查看原文本刊更多论文

全球价值链重组对中欧出口产品结构的影响

本文利用亚洲开发银行多地区投入产出表（ADB-MRIO）和UIBE全球价值链指标数据库，选取2007-2020年中国14个制造业的数据，实证研究全球价值链重构对中欧出口产品结构的影响。研究表明，全球价值链重组有利于中欧出口产品结构的优化，对高技术产业的影响更大。其中，劳动力成本驱动的全球价值链重组不利于中欧出口产品结构升级，而技术进步驱动的全球价值链重组有利于中欧出口产品结构升级。进一步研究发现，美国贸易保护政策驱动的全球价值链重组有利于中欧出口产品结构升级。本文的研究有助于中国在新一轮全球价值链重组中加强中欧合作，实现出口贸易结构升级。本文可为中国及其他发展中国家探索经济高质量发展提供可能路径，并为与欧盟建立长期贸易合作的相关政策制定提供相关参考价值。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Journal of Asian Economics ECONOMICS-

CiteScore

4.70

自引率

9.40%

发文量

期刊介绍： The Journal of Asian Economics provides a forum for publication of increasingly growing research in Asian economic studies and a unique forum for continental Asian economic studies with focus on (i) special studies in adaptive innovation paradigms in Asian economic regimes, (ii) studies relative to unique dimensions of Asian economic development paradigm, as they are investigated by researchers, (iii) comparative studies of development paradigms in other developing continents, Latin America and Africa, (iv) the emerging new pattern of comparative advantages between Asian countries and the United States and North America.