Intermediate Goods Import,Enterprise Innovation And Export Value-added Rate

At a time when the global production division system is becoming increasingly perfect,the continuous expansion of the global value chain not only promotes the mutual flow of capital,labor and other production factors,but also makes product production gradually shift from domestic production to global production,and product trade from domestic trade to global trade,forming a global production and trade integration pattern,All countries and enterprises take advantage of their own endowment to actively participate in all aspects of global production,introduce and use high-quality intermediate products on a large scale to complete processing and production in their own countries and enterprises and export the final products for profit.In this mode of production,processing trade is playing a more and more important role in the global trade economy,and the volume of intermediate trade and processing trade output value of countries and domestic enterprises have also increased significantly.China actively participates in the production division of the global value chain,and gradually becomes a major import and export trade country and a major intermediate processing trade country by virtue of its own advantages in production factors.However,Chinese enterprises still have the problem that the net value of processing trade,that is,the export value-added rate,does not match the huge trade scale.On the one hand,because a large number of industrial enterprises are still locked at the bottom of the low value-added global value chain and engaged in simple processing trade,enterprises can only obtain meager profits from it;On the other hand,the core technologies in the production activities of industrial enterprises still need to be imported from developed countries,which not only reduces the domestic added value,but also tends to cause international trade friction and "choke" problems.In the international economic situation of that year,the export value-added rate of enterprises has increasingly become the core indicator to measure the economic development level of a country or region.Therefore,exploring how to effectively improve the export value-added rate of domestic enterprises is an important measure for a country to seize the opportunities in the international competitive market and respond to the challenges of economic globalization.On the basis of summarizing the literature on enterprises’ export value-added rate and imports of intermediate goods,this paper makes a factual analysis of domestic enterprises’ export value-added rate and the status quo of import and export trade.Then,through theoretical analysis of the theoretical relationship between intermediate goods imports and enterprises’ export value-added rate,and on this basis,through empirical analysis,it specifically studies the effect and mechanism of China’s intermediate goods imports on enterprises’ export valueadded rate,Finally,according to the results of empirical analysis,conclusions and recommendations are summarized.The specific content of this paper includes six parts:The first part is the introduction,which mainly introduces the research background,research content and methods,innovations and shortcomings of this paper;The second part is the literature review,which divides the current domestic and foreign related literature into three parts:enterprise export value-added rate,intermediate imports and the impact of intermediate imports on enterprise export value-added rate;The third part is the fact analysis,combing the current situation of enterprises’ export valueadded rate and intermediate imports;The fourth part is the theoretical analysis,mainly through CES function and innovative production function to analyze the theoretical relationship between intermediate imports and enterprises’ export growth rate;The fifth part is the empirical analysis part.The fixed effect model and Tobit model are used to test the impact of intermediate imports on the export value-added rate of enterprises,and the robustness of the experimental results is tested.Then,the heterogeneity of enterprises with different capital intensity and ownership is analyzed.Finally,the production cost effect and enterprise innovation effect of intermediate imports are analyzed using the empirical model;The sixth part is the conclusion and suggestions.Based on the results of theoretical analysis and empirical analysis,it summarizes the full text and puts forward relevant policy recommendations,making the experimental results have practical significance.Through the research,the conclusions of this paper are as follows:(1)On the whole,the import of intermediate goods plays a significant role in promoting the export value-added rate of enterprises.The larger the scale of enterprises’import of intermediate goods,the more conducive to improving the export valueadded rate of enterprises.(2)The import of intermediate goods plays a positive role in promoting the export value-added rate of enterprises mainly through enterprise innovation effect and production cost effect;(3)Specifically,the production cost effect of intermediate imports is more significant for laborintensive enterprises and non-state-owned enterprises;(4)The enterprise innovation effect of intermediate imports is more significant for capital intensive and non-state-owned enterprises.