Research on the Impact of Data Regulation on the Resilience of Global Value Chains in Manufacturing Industry
As a policy tool to alleviate data market failures and enhance data security,data regulation accelerates the penetration and integration of the digital economy into the entire industry chain,promotes fairness and diversification of opportunities for manufacturing participation in production division of labor,and drives the evolution of global value chain division of labor.In the context of the restructuring of the global value chain structure caused by multiple uncertain factors,whether data regulation can become an institutional guarantee to enhance the resilience of the global value chain has become an important issue.Based on the data regulation policy provisions of 38 countries from 2007 to 2021,the data regulation level of these countries is calculated.Based on data such as value chain length,the GVC resilience of 16 manufacturing industries in these countries is calculated from two dimensions:security and stability.Using this panel data,the impact and mechanism of data regulation on the resilience of the manufacturing value chain is quantitatively analyzed through bidirectional fixed effects and mediation effects models.It is found that data regulation can significantly enhance the resilience of the global value chain in the manufacturing industry,but the enhancement effect exhibits a marginal diminishing characteristic.This conclusion remains robust even after replacing core variable measurement indicators,introducing institutional omission variables,considering policy transmission delays,and endogeneity processing.The role of data regulation policies in enhancing the resilience of the manufacturing value chain is heterogeneous:this driving effect is more significant in capital and technology intensive manufacturing industries with large circulation of commercial and intellectual property data,developing countries with growing market and innovation environments,and countries with European and Chinese style rules that place more emphasis on data subject privacy protection;moreover,regulating domestic data has a greater impact on value chain resilience than regulating cross-border data.Data regulation policies can enhance data trust among enterprises,have a direct impact on the resilience of the manufacturing value chain through network connectivity effects and production synergy effects,and indirectly improve the resilience of the manufacturing value chain through three channels:expanding market size,reducing trade costs,and promoting technological innovation.Therefore,in order to effectively promote data governance and maintain value chain security,first,it is necessary to standardize data transaction rules and profit distribution,and promote effective data circulation;second,it is necessary to improve the functional supporting measures and refined management of data governance,and leverage the multiplier effect of data element scale on value chain resilience;and third,it is necessary to persist in participating in the formulation of international data rules and establish an effective cross-border data security rating system.
data regulationglobal value chain resiliencemarket sizetrade coststechnological innovation
万方数据
维普
