Inter-industry Factor Allocation and Trade Network Status
In the era of globalization,the deepening of the international division of labor and the strategic global distribu-tion of production and distribution activities have elevated the significance of nations'positions within the trade network.The robust development of the manufacturing sector in China,the world's second-largest economy,exerts a profound in-fluence on the dynamics of the global trade network.In recent years,China's industrial system,especially the manufactur-ing industry,has experienced rapid transformations,and the decline in factor allocation efficiency has attracted consider-able attention.The manufacturing industry's diminished output and outward flow of factors may affect China's position in the global trade network,with repercussions for its economic and trade negotiations.In this context,a thorough study of the correlation between inter-industry factor allocation and the status of the global trade network is of great theoretical and practical significance for understanding the new pattern of international trade and promoting the high-quality develop-ment of China's economy.The results are as follows.Firstly,the rapid decline in the efficiency of production factor allocation has significantly lowered the position of Chinese industries in the global trade network,which is especially evident in the export trade net-work.Secondly,the impact of the decline in the manufacturing industry's factor allocation efficiency on various regions and different types of manufacturing industries exhibits heterogeneity.More importantly,the magnitude of this impact is intricately linked to the speed of factor allocation changes.Thirdly,the decline in factor allocation efficiency intensifies the mismatches between labor and capital resources,escalates the labor and financial costs for manufacturing enterprises,dampens regional entrepreneurial enthusiasm,and impedes the optimization of industrial structures.Fourthly,enhance-ments in labor quality,the advancement of new industrialization initiatives,the refinement of market mechanisms,and the implementation of proactive industrial policies can effectively mitigate the adverse effects of declining factor allocation efficiency.This paper yields the following four theoretical contributions and practical implications.(1)Combined analysis of trade network and factor allocation.This study pioneers an integrated approach to trade net-work analysis and factor allocation,establishing a comprehensive analytical framework that offers a novel lens for exam-ining shifts in industrial position in the global trade network.(2)Heterogeneity analysis.By distinguishing between regions and industry types,the study elucidates the diverse im-pacts of factor allocation changes on trade network status,thereby enriching the research in industrial geography and in-ternational trade.(3)Mechanism exploration.The study not only identifies the negative impacts of declining factor allocation effi-ciency on trade network status but also delves into the underlying economic mechanisms,such as resource mismatches,production costs,entrepreneurial enthusiasm,and industrial synergies,providing a theoretical foundation for relevant policy formulation.(4)Analysis of policy regulating effects:The study assesses how elements like human capital,new industrialization,market mechanisms,and industrial policies can regulate the effects of factor allocation changes,offering insights for craft-ing effective industrial policies and bolstering industrial competitiveness.In conclusion,this research not only offers a novel theoretical perspective for understanding the industrial position changes amid the current globalized context but also furnishes policymakers with invaluable insights into enhancing in-dustrial competitiveness by optimizing production factor allocation during economic transitions.Through in-depth analy-sis and empirical validation,the study underscores the importance of ongoing optimization and upgrading of the industrial structure,fostering technological innovation and talent development,and refining market mechanisms and industrial poli-cies in the context of economic globalization.