Research On The Impact Of Digital Economy On The Global Value Chain Position Of China’s Manufacturing Industry

With the global application of digital technology,the construction of digital infrastructure and the vigorous development of digital trade,digital economy has increasingly become an important driving force for current economic development.Digital development is no longer an island,nor a simple emerging industry,but has entered a new economic stage and form corresponding to the traditional industrial and agricultural era.The digital economy.More and more industries realize that they should not only deeply participate in the division of global value chain,but also strive to improve their position in global value chain.As the foundation of high-quality development,China’s manufacturing industry is still facing a series of problems that cannot be ignored at present.Therefore,China should firmly grasp the law of digital development,accelerate industrial transformation on this basis,and especially conduct empirical research on the status improvement of global value chain based on the integration of traditional manufacturing industry and subdivided industries with digital technology.Only in this way can we better construct an all-round digital pattern,further cope with global challenges and create a win-win international environment,so as to provide a strong guarantee for enhancing international competitiveness.First of all,this paper reviews the existing literature on the concept and index measurement of digital economy and global value chain,the economic effect of digital economy development,the influencing factors of global value chain position and the influence of digital economy on China’s manufacturing value chain position.The paper also studies the theoretical mechanism of the influence of digital economy on the promotion of manufacturing value chain from the direct effect and the indirect effect of innovation promotion and industrial structure adjustment.Then,by constructing GVC position index(GVC＿Position)to measure the global value chain position of Chinese manufacturing industry,this variable is the explained variable of this paper.After that,In this paper,digital economy is taken as explanatory variable and conducts an empirical study.Digital economy index is represented by digital input,and digital input is measured by value-added input of basic sectors of digital economy to various manufacturing sectors in China in the international input-output table.Manufacturing of computer,electronic and optical products,postal and communication industries,and telecommunications industries are selected as the basic sectors of digital economy.The empirical results show that digital economy will obviously improve the position of global value chain of Chinese manufacturing industry;According to the heterogeneity analysis of the trade structure of intermediate products,the digital economy can significantly promote the position of global value chain of the industry groups participating in the global production network,while the trade of intermediate products has no significant impact.After the empirical analysis of the influence mechanism,it is found that the digital economy has the intermediary role of "innovation promotion" and the regulatory role of "industrial structure adjustment" in promoting the position of Chinese manufacturing industry in global value chain.The results remained robust after substitution of explanatory variables,elimination of anomalous years,and one phase lag of variables.Finally,based on the above conclusions,this paper puts forward specific policy opinions.