A Quantitative model of international industry relocation distinguishing between domestic and foreign enterprises and its empirical study of China
There are great differences between domestic and foreign enterprises in terms of busi-ness decisions,sensitivity to the international economic patterns,etc.,which leads to their com-pletely different characteristics in participating in the international industry relocation.There-fore,with the frequent outbreak of international emergencies that cause deep adjustment of global value chain,clarifying the heterogeneity of domestic and foreign enterprises in the international industry relocation will be an important prerequisite to promote the"dual circulation"develop-ment pattern and ensure the security of supply chain.This paper proposes a quantitative model to measure the magnitude of industry relocation that distinguishes between domestic and foreign enterprises.Based on that,the empirical study captures the scale,mode,industry heterogeneity and mutual substitution between China's domestic and foreign-funded enterprises in participat-ing in international industry relocation during 2005-2016.The empirical evidence finds that:1)From the magnitude perspective,both domestic and foreign enterprises in China are gen-erally receiving production activities.However,the growth of relocation slowed down after 2014,followed with the trend of relocation outward.The magnitude of the international in-dustrial relocation of domestic enterprises has always been about 80.0％of the total.However,in terms of the ratio of industrial relocation to output,domestic enterprises have always been much lower than foreign enterprises,and the difference reached 14.1 percentage points in 2005-2016.2)From the mode perspective,domestic enterprises mainly participate in international indus-try relocation through intermediate products,while foreign enterprises participate more through final products.3)From the industry perspective,domestic enterprises is dominated by the capital-intensive manufacturing,while foreign enterprises mainly focus on technology-intensive manufacturing and producer services.4)Generally,China's domestic enterprises have a strong substitution effect on foreign enterprises in China.However,a"reverse substitution(foreign en-terprises substitute domestic enterprises)"is continuously taken place in the technology-intensive manufacturing.
industry relocationdomestic and foreign enterprisesinput-output technique
NETL
NSTL
万方数据
