Research On The Impact Of Export Tax Rebate On The Embeddedness Of Chinese Enterprises' Global Value Chains

With the in-depth development of the global value chain,the international division of labor has evolved into a division of labor within the product,and the re-allocation of the factor endowments of countries around the world has driven the global productivity increase and the market scale to further expand.In recent years,China has gained huge surpluses in international trade by actively participating in the global value chain division.However,in the context of global value chains,traditional trade statistics are difficult to measure the true profits of a country in international trade,The total export value exaggerates the domestic value added in actual exports.Distorting people's perceptions of the nature of international production integration and the role of specific countries in the international market,which in turn may exacerbate tensions in the world trading system,which can eliminate “statistical illusions” in traditional trade,Can more accurately reflect the global trade operations.This paper takes the export FVAR as the proxy indicator of the global value chain embeddedness,and constructs a theoretical model to analyze the factors affecting the embedded value of the global value chain of the enterprise,trying to study the impact of the export tax rebate policy adjustment on the embedded value of the global value chain from the perspective of trade policy.mechanism.The increase of export tax rebate rate will reduce the critical cost of enterprises entering the export market,which will lead to the reduction of the cost of the enterprise,thereby increasing the FVAR of the enterprise.At the same time,the increase of the export tax rebate rate will promote the import and export innovation of the enterprise.The increase in relative prices has a negative impact on corporate export FVAR.Therefore,the adjustment of export tax rebate policy will have different influences on the embedded value of the global value chain of enterprises through the two channels of cost addition and R&D innovation,and the actual influence direction of the adjustment of export tax rebate policy depends on the influence of the two channels.This paper empirically analyzes the export FVAR of enterprises as measured by four methods,and discusses the relationship between the adjustment of export tax rebate policy and the embedded value of global value chain.The results show that the increase of export tax rebate rate will significantly promote the embedded value of global value chain.deepen.Further,this paper examines the impact of the adjustment of export tax rebate policy on the global value chain embedding of different regions and different factor-intensive enterprises,and conducts export dynamic analysis.The results show that the adjustment of export tax rebate policy has a greater impact on the global value chain embeddedness of non-coastal enterprises,capital technology enterprises and primary export enterprises.