Empirical Study on Interactions and Benefits of Multiple Value Chains in China Under Dual Circulation Perspective
Based on China's dual-circulation development strategy,a global input-output table embedding Chinese regions is constructed.Based on value-added supply and demand,the interactions and benefits of different industries participating in value chains in the domestic region,the RCEP region and other regions of the world are analyzed.It is found that in terms of dual-circulation supply and demand flows,the intensity of interactions in value chains among China's provinces and municipalities and most industries ranks in de-scending order of domestic value chains,RCEP regional value chains and other regional value chains across the world.In terms of specific industries,the machinery industry shows obvious inland-coastal differences,the metal smelting and products industry exhibits inter-regional polarity,that is,relatively prominent strong value-added flow linkages between specific regions,and the transportation equipment manufacturing indus-try shows bipolarity in terms of economic development.In terms of benefits,the internal circulation value chain that relies on domestic value chains at both ends yields the highest benefits,while the international cir-culation value chain that relies on RCEP regional value chains at both ends generates the lowest benefits.Therefore,it is essential to further capitalize on domestic resources and market advantages,foster diversified cooperation and regional interactions,and reduce external economic dependence through various channels.
万方数据
维普
