首页|"China Shock"or China Dividend?-China GVC Participation's Effects on Trading Partners'Technological Progress
"China Shock"or China Dividend?-China GVC Participation's Effects on Trading Partners'Technological Progress
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This paper explores the effects of China's global value chain(GVC)participation on technological progress in trading-partner countries based on estimated data on value-added trade between China and 52 trading partners.We find that,first,although China's exports lowered the total factor productivity(TFP)of its trading partners(competitive effect),its imports greatly increased trading partners'TFP(effect of scale).This implies that China's GVC participation is beneficial to its trading partners'technological progress in the form of a considerable technology dividend effect.Second,China's export dividend effect compensates for the negative effect of Chinese competition on trading partners'technological progress;the innovation effects attributable to China's imports reinforce the positive effects of scale on technological progress.When innovation is factored in the China dividend thus becomes further reinforced.Third,China's merchandise imports have a diminishing positive effect on technological progress in trading partners as geographical distance increases,but trade in services transcends geographical boundaries,and the positive technological progress effect of China's service imports do not diminish as distance increases.We find that the"China dividend"from China's GVC participation is a significant contributor to technological progress in partner nations,and China's imports are conducive to innovation and technological progress in developed countries in the long run.
Global value chainsChina dividendtrade in value-addedtechnology spillovercollaborative innovation
Chen Qifei、Yang Jijun、Ye Di
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School ofInternational Economics and Trade,Nanjing University of Finance and Economics(NUFE),Nanjing,China
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