The Impact Of Global Value Chain Embedding On The Diversification Of Enterprise Export Products

After systematically analyzing the mechanism of global value chain embedding on the diversification of export products of enterprises,this paper found that it has both promoting and inhibiting effects.To test which role occupies the dominant position,this article merges the data from the China Customs Trade Statistics and the China Annual Surveys of Industrial Firms from 2000 to 2013 and analyzes the impact of embedded global value chain on the diversification of corporate export products.The study found that:during the sample period,the global value chain embedding degree will significantly reduce the diversity of export products of enterprises.This result remains robust after using instrumental variables to overcome endogenous problems or replacing dependent variables.After the heterogeneity test,the global value chain embedding degree has less restraining effect on the diversification of export products of enterprises in the east than others,and the global value chain embedding degree also restrains the diversification of export products of technology-intensive enterprises.It is smaller than that of non-technology-intensive enterprises,but the global value chain embedding degree has a greater restraint on the diversification of foreign-funded enterprises’ export products than non-foreign-funded enterprises.Through empirical tests,it is found that corporate absorptive capacity is an internal mechanism that causes the global value chain embedding degree to inhibit the diversification of corporate export products.This is probably because Chinese companies’absorptive capacity is weak,and it is difficult to embed in global value chains.In the process of absorbing the technological spillovers of developed countries,on the contrary,due to the large number of human resources,capital and other resources consumed in the process of trying to absorb,it hinders their own new product innovation and correspondingly leads to less diversification of export products.This article has a strong reference for companies to better use the positive effects of global value chains when they need to increase the diversification of export products,while avoiding its negative effects.