| The reconstruction of value chain is not only a realistic appeal to break the dilemma of the development of Chinese manufacturing value chain,but also an effective choice to break through the threshold of Chinese manufacturing enterprise growth.In recent years,the gross output of Chinese manufacturing has maintained the first of world continuously for nine years since 2010,by joining in the global value chain(GVC)fully which as a strategic opportunity,attracting large-scale foreign investment inflows and developing processing trade relying on the advantages of low cost of land,labor and other factors.But the value-added rate of Chinese manufacturing,which is only 20%,is far lower than developed countries’ that is 35%.The value chain upgrades very slowly and still faces many difficulties such as hindered technical progress,slow improvement of GVC status,lack of "chain leader" in high-tech industry,and so on.Some scholars have found that manufacturing enterprises of late-developed countries can only successfully implement processes upgrading and product upgrading by undertaking international outsourcing and FDI spillovers such traditional ways.However,when it comes to the function upgrading and chain upgrading,they will be blocked and suppressed due to the core interests of dominating enterprise in GVC from developed countries,and that greatly hinders their value chain upgrading.Without destruction there can be no construction.In fact,under the heavy siege of foreign capital,there are a few outstanding enterprises in China begin to re-examine and upgrade gradually value chain,through innovatereconstruction,telescopic-reconstruction and leaping-reconstruction of value chain in terms of production methods,manufacturing models,and industrial ecology.Therefore,it is undoubtedly of great theoretical and practical significance to summarize the successful and valuable experience of above enterprises in reconstructing the value chain,to condense the essence and explore the law,and to uncover the "black box" of value chain reconstruction.The dissertation follows along with lines of "Relevant Theory and Literature Review-Status Quo-Mechanism Analysis-Empirical Test-Strategy Design".Firstly,on the basis of combing the theory and literature related to value chain reconstruction,the dissertation states the current division status of Chinese manufacturing value chain,and the obstacles that its upgrading confronts.Secondly,the dissertation reveals the mechanism of it from the aspects of basic conditions,reconstruction mode,driving factors and processes.Then,based on the balance panel data of seventeen manufacturing industries in China from 2000 to 2014,the patterns of China’s manufacturing value chain reconstruction are examined by indicators designed,as well as the impact of driving factors on that reconstruction are empirically studied with multiple regression model.And we also measured the efficiency of Chinese manufacturing value chain reconstruction from an international comparative perspective using the cross-sectional data of seventeen manufacturing industries in forty-four economies around the world in 2014.Finally,the dissertation proposes multiple path and key measures for reconstructing Chinese manufacturing value chain,according to the theoretical and empirical analysis.The main conclusions are as follows.(1)Starting from the concept of enterprise,industry and national value chain,the dissertation gives out definition of value chain reconstruction with a systematic thinking,constructs a conceptual model about value chain reconstruction,and then reveals the mechanism of value chain reconstruction.Reconstructing value chain is essentially an adjusting process that enterprises,governments or other organizations as the Subject done after being impacted by relevant driving factors of the reconstruction,at the goals of profitability,market position,value demanding for stakeholders,industrial chain safety,and sustainable development,to product layout,technology layout,auxiliary element’s arrangement and business model as the Object,that adjustment will result in innovate-reconstruction,telescopic-reconstruction and leaping-reconstruction mode of value chain.Additionally,those driving factors are divided into enterprise ones and government ones.The former includes technological change,input of productive service,FDI,market consumption,productive resource,laws in economic development,and cognitive ability for enterprise members,etc.the latter includes international investment and trade,national life quality demand,and sustainable economic development and so forth.(2)The three patterns of value chain reconstruction occurred in Chinese manufacturing show industrial differences.Under the condition that the change rate of export technology complexity index,value chain concentration index,and value chain climbing index reaches to 10% which as the threshold for reconstruction,it is concluded that there are eleven manufacturing industries get innovate-reconstruction,ten for telescopic-reconstruction and eight for leaping-reconstruction.Besides,innovate-reconstruction mainly occurs in medium-tech and high-tech industries,probably because that those industries are more able to provide excellent environment for technological innovation.Telescopic-reconstruction occurs in almost all manufacturing industries,that also as a common method to cope with internal and external shocks,and maintain competitive advantage.Leaping-reconstruction undergo mostly in low-tech and high-tech industries,and rarely in low-and mediumhigh-tech industries.(3)Comprehensive FGLS and TSLS methods are used in the dissertation to empirically analyse the impact of driving factors on reconstruction.The results show that on innovate-reconstruction,the impact of technology change,productive service input,international investment and trade scale,industry development law and industry scale is positive,nevertheless,the influence by market consumption,productive resource base,and cognitive ability of enterprise members is negative.For telescopic-reconstruction,technology change and input of productive service promote the value chain reconstructing to expanding,while the level of international trade and investment,market consumption,and productivity of labour promote the chain to contracting.Finally factors that have a positive impact on leaping-reconstruction include technological change,international investment and trade levels,market consumption,sustainable development and market size.On the contrary,those have negative impact like productive service input,enterprise productive resource base and factor endowments are included.(4)Based on international comparison,the dissertation evaluates efficiency of reconstructing in Chinese manufacturing value chain with multi-stage DEA model used.It is found that nearly half of industries are low efficiency level,and there is misallocation from the reconstructed input to output which is particularly prominent in high-tech industries.Through the projection analysis,it can be seen that relatively more reasonable the input structure of innovate-reconstruction and leapingreconstruction is than telescopic-reconstruction.The input of telescopicreconstruction has excessive concentration of value chain which is not conducive to efficiency improvement.Compared with that efficiency in Japan,who as being a benchmarking country,we found that both industrial international competitiveness not being strong,and the reconstruction impacting weakly on the competitiveness are the direct cause of the low efficiency of Chinese manufacturing value chain reconstruction.(5)According to the different performances in efficiency and reconstruction effects of various industry value chains,we classify Chinese seventeen Manufacturing industries into four categories including "GVC leading industries","bidirectional extrusion industries","international production capacity cooperation industries" and "tragic growth industries".Under the background of GVC reorganization,this dissertation puts forward different reconstruction paths for various industries.Firstly,for GVC leading industries,the benign interacting between Domestic Value Chain and GVC and also building leading enterprises should be focused.Secondly,the most urgent task of the "bidirectional extrusion industries" is to strengthen comparative advantage by lowing costs and improving efficiency.Then,"international production capacity cooperation industries" should seize the opportunity of “One Belt,One Road” and commit to leading the Regional Value Chain.Finally,"Tragic growth industry" is in need to cultivate advanced production factors,and rise to the both ends high value-added in GVC. |
PDF Full Text Request