Is productive service intermediate input a good instrument for enhancing the Global Value Chain participation?

IF 6.1 2区经济学 Q1 ECONOMICS

Structural Change and Economic Dynamics Pub Date : 2025-12-01 Epub Date: 2025-10-08 DOI:10.1016/j.strueco.2025.10.002

Sin-Som (Sergio) Tsiong, Hongsong Liu

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Abstract

Globalization has closely interconnected the production systems of various countries, and gaining a superiority in the Global Value Chain (GVC) has become a strategic imperative for many countries. Warrant attention, the service-based economy has been playing a pivotal role in optimizing and upgrading the GVC. Consequently, based on a sample that consists of 77 countries from 1995 to 2020, this article investigates the promoting effect of productive service intermediate input (PSII) on GVC participation. The findings are consistent with our expectations and are supported by a series of robustness checks and endogeneity handling. Heterogeneity analyses provide partial support for a geographic pattern linking PSII to GVC participation. Mediation analyses confirm that PSII enhances GVC participation through manufacturing servitization, financing constraint alleviation, and efficiency improvements. Finally, moderation analysis indicates that PSII exhibits a “substitution” effect vis-à-vis innovation capacity, implying a more feasible pathway for less developed countries to industrial upgrading.

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生产性服务中间投入是提高全球价值链参与的好工具吗？

全球化使各国的生产系统紧密相连，在全球价值链中取得优势已成为许多国家的战略要求。值得注意的是，服务型经济在全球价值链优化升级中发挥着举足轻重的作用。因此，本文以1995 - 2020年77个国家为样本，考察了生产性服务中间投入对全球价值链参与的促进作用。研究结果与我们的预期一致，并得到了一系列稳健性检查和内生性处理的支持。异质性分析为PSII与全球价值链参与之间的地理格局提供了部分支持。中介分析证实，PSII通过制造业服务化、融资约束缓解和效率提升提高了全球价值链参与。最后，适度分析表明PSII对-à-vis创新能力具有“替代”效应，为欠发达国家产业升级提供了一条更可行的路径。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Structural Change and Economic Dynamics ECONOMICS-

CiteScore

9.60

自引率

4.90%

发文量

159

期刊介绍： Structural Change and Economic Dynamics publishes articles about theoretical, applied and methodological aspects of structural change in economic systems. The journal publishes work analysing dynamics and structural breaks in economic, technological, behavioural and institutional patterns.