Research On The Impact Of Intermediate Trade Liberalization On Manufacturing Service Of Export Enterprises

The deep integration of manufacturing industry and modern service industry is an important way to enhance the competitive advantage of manufacturing industry,promote the high-quality development of manufacturing industry,and achieve the upgrading of manufacturing enterprise value chain.Under the background of higher level of opening to the outside world,it is an important subject of practical significance to study the influence of trade liberalization of intermediate goods on manufacturing servitization of export enterprises.On the basis of reviewing relevant theories and literature,this article further explores the impact of input trade liberalization on manufacturing servitization of export enterprises based on the research framework of trade liberalization and manufacturing servitization.Based on the micro data of the manufacturing export enterprises of A-share listed companies in Shanghai and Shenzhen from 2007 to 2020,this article builds a benchmark model to examine the effect of input trade liberalization on the decision and degree of manufacturing servitization of export enterprises.Further,through grouping regression,the differences of service-orientation of export manufacturing enterprises affected by trade liberalization of intermediate goods with different characteristics are observed.Finally,a mediating effect model is constructed to test the mediating role of enterprise innovation and resource mismatch in the impact of input trade liberalization on export enterprises’ manufacturing servitization.The main conclusions of this article are as follows :(1)input trade liberalization can significantly promote the service-oriented transformation of manufacturing industry of export enterprises and improve the degree of service-oriented.(2)According to the heterogeneity analysis,when enterprises have different geographical locations and different ownership,intermediate goods trade liberalization has a more significant promotion effect on the servitization of export enterprises located in the eastern region or sino-foreign joint ventures.Among the different characteristics of the manufacturing industry,for the technology-intensive and highly competitive manufacturing industry,the input trade liberalization plays a significant role in promoting the servitization of export enterprises.For different types of output services,input trade liberalization will significantly improve the degree of servitization of output services of transportation and logistics,technical information and product after-sales.(3)Testing the mediating effect model,it is confirmed that the input trade liberalization can significantly improve the innovation ability of enterprises and improve the resource mismatch,thus enabling export manufacturing enterprises to gain advantages in terms of technology and efficiency in the service-oriented transformation,thus promoting the service-oriented transformation and the process of export manufacturing enterprises.Based on the research results,this article proposes to further promote the trade liberalization of intermediate goods and the service-oriented manufacturing industry according to the different characteristics of enterprises.At the same time,export manufacturing enterprises should also take advantage of the opportunity of the reduction of intermediate goods tariff rate,improve innovation ability,improve resource mismatch,and accelerate the process of service,so as to build differentiated competitive advantages,increase international competitiveness,and move towards the middle and high end of the global value chain.