China’s Manufacturing Export Value-added Estimation and Its Influence Mechanism Analysis
Author(s): FAN Xiu-feng, CHENG Wen-xian, School of Finance and Economics of Xi’an Jiaotong University
Pages: 81-93
Year: 2015 Issue: 6
Journal: China Industrial Economics
Keyword: global value chain; domestic value-added; processing trade;
Abstract: Manufacturing export value-added measure at home and abroad is the key problem and it is scientific assessment of a country’s trade interests under the global value chain.Due to the traditional method of HIY overestimated export domestic value-added,Koopman calculation method is improved,however under the condition of incomplete information,it could not use the traditional I/O matrix and the direct input coefficient matrix,which makes its application is limited.GAMS model was constructed to solve the above problem,and this paper use this improved model to measure the changes in China’s export added value during 2002—2012.The results show that HIY evaluation methods ignore the export processing trade,therefore overestimate the Chinese export domestic value added rate.Due to use more import intermediate inputs in export processing trade,the calculated result in this paper corrected the errors of value added rate and trend prediction by HIY method in foreign countries.In order to study on the related influencing factors of exports of domestic value-added,the further study found that the export processing trade and mixed domestic value-added are highly susceptible to the influence of international capital inflows.As a result,to improve the measurement of added value has corrected China’s added value measurement errors.We should speed up the development of the export processing trade,introduce high-end service trade,and make good use of the relationship between foreign and domestic enterprises to export to improve the foreign trade dependence,raise the trade status of China’s manufacturing enterprises in the global value chain.
Pages: 81-93
Year: 2015 Issue: 6
Journal: China Industrial Economics
Keyword: global value chain; domestic value-added; processing trade;
Abstract: Manufacturing export value-added measure at home and abroad is the key problem and it is scientific assessment of a country’s trade interests under the global value chain.Due to the traditional method of HIY overestimated export domestic value-added,Koopman calculation method is improved,however under the condition of incomplete information,it could not use the traditional I/O matrix and the direct input coefficient matrix,which makes its application is limited.GAMS model was constructed to solve the above problem,and this paper use this improved model to measure the changes in China’s export added value during 2002—2012.The results show that HIY evaluation methods ignore the export processing trade,therefore overestimate the Chinese export domestic value added rate.Due to use more import intermediate inputs in export processing trade,the calculated result in this paper corrected the errors of value added rate and trend prediction by HIY method in foreign countries.In order to study on the related influencing factors of exports of domestic value-added,the further study found that the export processing trade and mixed domestic value-added are highly susceptible to the influence of international capital inflows.As a result,to improve the measurement of added value has corrected China’s added value measurement errors.We should speed up the development of the export processing trade,introduce high-end service trade,and make good use of the relationship between foreign and domestic enterprises to export to improve the foreign trade dependence,raise the trade status of China’s manufacturing enterprises in the global value chain.
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