An Empirical Test of Digital Industry Penetration Promoting Global Value Chain Reconstruction
Based on panel data from 58 countries from 2012 to 2022,the article analyzes the logical mechanism and inherent correlation between digital industry penetration and the reconstruction of global value chain.The results indicate that digital industry penetration can directly promote the reconstruction of the global value chain,and indirectly drive the reconstruction of the global value chain through two intermediary channels:improving factor endowment level and promoting vertical specialization.Under the regulatory threshold effect of digital economy,there is a non-linear correlation between digital industry penetration and the reconstruction of the global value chain.The empirical study shows that effective support for promoting dual circulation of domestic and international markets can be provided by promoting the development of digital industry through"dual energy co-promotion",promoting the allocation of production factors through"unified markets",and strengthening the supervision of digital economy through"dual guarantee".
digital industry penetrationvalue added in the global value chainglobal value chain production lengthdigital economy supervision