Deep Regional Service Trade Agreements:Accommodating the Perspective of Value Chain Resilience
Deepening regional service trade agreements is an important engine to promote bilateral economic and trade cooperation,break the imbalance of the internal governance structure of the multilateral trading system,and promote the reconstruction of global value chains under multiple interest demands.Based on the matching data of OECD-ICIO database,TiVA database and DESTA database from 2000 to 2020,this paper examines the effect and mechanism of the depth of regional service trade agreement on the reconstruction of global value chain of manufacturing industry,and explores the regionalization effect and resilience improvement effect of global value chain of manufacturing industry.The study found that:First,the depth of regional service trade agreements can reconstruct the global value chain of manufacturing industry through'trade cost saving effect','technology spillover effect'and'manufacturing input servitization effect'.Secondly,among the contracting parties with similar development level and the same continent,when the reconstruction stage of the global value chain of manufacturing industry is in the middle stage,the depth of regional service trade agreement has a more significant effect on the reconstruction of the global value chain of manufacturing industry.Thirdly,the depth of regional service trade agreement not only realizes the redistribution of production links,but also promotes the redistribution of geographical division of labor and promotes the evolution of global value chain of manufacturing industry to regionalization.Fourth,the depth of regional service trade agreements can take into account security and stability in the process of reconstructing the global value chain of manufacturing,and enhance the resilience of the global value chain.This paper not only effectively supplements the theoretical research of regional service trade agreements in the field of manufacturing global value chain,but also provides a policy basis for the deep integration of manufacturing and service industries to promote the resilience of manufacturing global value chain.The marginal contribution of this paper lies in:First,in terms of research content,based on the perspective of bilateral countries'trade value added correlation,this paper constructs a theoretical framework of the depth of regional service trade agreements affecting the reconstruction of manufacturing global value chains through direct and indirect effects,which enriches the literature on the relationship between the depth of regional service trade agreements and the reconstruction of manufacturing global value chains.Secondly,in terms of research methods,this paper uses the horizontal measurement method to construct the depth index of regional service trade agreements.On this basis,the progressive difference-in-differences method is used to explore the net impact and multi-period dynamic effects of regional service trade agreements on the reconstruction of the global value chain of the manufacturing industry.The community discovery algorithm in complex network analysis is introduced to construct an index reflecting the geographical layout reconstruction of the global value chain of the manufacturing industry.Finally,the HP filtering method is used to verify whether the depth of regional service trade agreements can enhance the resilience of the global value chain of the manufacturing industry.Thirdly,from the perspective of multiple heterogeneity,network division of labor and global value chain resilience,this paper explores the reconstruction effect of regional service trade agreement depth on the global value chain of manufacturing industry and its promotion effect on the security and stability of the global value chain of manufacturing industry,so as to provide more detailed and richer empirical evidence for the design of regional service trade agreement terms and the resilience growth of the global value chain of manufacturing industry.
the depth of regional service trade agreementglobal value chain reconstruction of manufacturing industryresilienceregionalizationmanufacturing input servitization
NETL
NSTL
万方数据
