The Dilemma of “Low Quality,Low Efficiency” in Chinese Independent Innovation and the Strategy Research: Based on the Perspective of Global Value Chain Control
Hou Xianghan, Guo Wanshan
School of Economics,Liaoning University,Shenyang 110036,China
Abstract The essence of the trade friction between China and the US is the friction on the technological advantage and the control and influence on the global value chains,and will generate a long-run influence on the characteristics and structures of the global value chains in the 21st century and the formation of new international rules.The quality and efficiency of the innovation of Chinese enterprises is causing greater attention,and is directly related to the future of the game between China and the US.Based on the micro data of Chinese listed manufacturing companies and the world input-output table data from WIOD and ADB databases,and using global value chain position as the target variable,this paper examines the“low quality,low efficiency”problem and its influence factors in the innovation in Chinese enterprises.The research results show the followings.R&D inputs can significantly raise the global value chain position,but the effect is mainly conducted through the bringing in of advanced technologies from foreign countries,and there is only limited effect from the independent innovation of domestic enterprises,indicating that the“low quality,low efficiency”characteristics in the independent innovation are apparent.Although FDI can help raise the influence of Chinese enterprises on the global value chains,it has a containment effect on the high-quality enterprise innovation.Moreover,enterprise sizes have a significant positive effect on raising the innovation ability of enterprises and the global value chain positions.The possibility that the government subsidy has already been in the“strategic innovation”trap cannot be eliminated.The state-owned property of enterprises has a negative effect on both enterprise innovation and the rise of global value chain position.Finally,this paper states the policy inspiration of the conclusions.
Hou Xianghan,Guo Wanshan. The Dilemma of “Low Quality,Low Efficiency” in Chinese Independent Innovation and the Strategy Research: Based on the Perspective of Global Value Chain Control[J]. , 2024, 5(11): 71-80.
[1]IRWIN D A.The U.S.-Japan semiconductor trade conflict[M]//KRUEGER A O.The political economy of trade protection.Chicago:University of Chicago Press,1996. [2]MENG B,GAO Y,ZHANG T,et al.The US-China relations and the impact of the US-China trade war:global value chain analyses[R].IDE Discussion Papers,No.851,2022. [3]诸竹君,黄先海,王毅.外资进入与中国式创新双低困境破解[J].经济研究,2020,55(5):99-115. [4]陈劲.中国创新发展报告.2017—2018[M].北京:社会科学文献出版社,2018. [5]KOOPMAN R,POWERS W,WANG Z,et al.Give credit where credit is due:tracing value added in global value chains[R].NBER Working Paper,No.16426,2010. [6]马述忠,张洪胜,王笑笑.融资约束与全球价值链地位提升——来自中国加工贸易企业的理论与证据[J].中国社会科学,2017(1):83-107,206. [7]赖伟娟,钟姿华.中国与欧、美、日制造业全球价值链分工地位的比较研究[J].世界经济研究,2017(1):125-135. [8]安同良,周绍东,皮建才.R&D 补贴对中国企业自主创新的激励效应[J].经济研究,2009(10):87-98,120. [9]沈坤荣,耿强.外国直接投资、技术外溢与内生经济增长——中国数据的计量检验与实证分析[J].中国社会科学,2001(5):82-93,206. [10]张鹏杨,唐宜红.FDI如何提高我国出口企业国内附加值:基于全球价值链升级的视角[J].数量经济技术经济研究,2018,35(7):79-96. [11]ROMER P M.Endogenous technological change[J].Journal of Political Economy,1990,98(5):71-102. [12]李习保.中国区域创新能力变迁的实证分析:基于创新系统的观点[J].管理世界,2007(12):18-30. [13]余振,周冰惠,谢旭斌,等.参与全球价值链重构与中美贸易摩擦[J].中国工业经济,2018(7):24-42. [14]周升起,兰珍先,付华.中国制造业在全球价值链国际分工地位再考察:基于 Koopman 等的“GVC 地位指数”[J].国际贸易问题,2014(2):3-12. [15]于津平,邓娟.垂直专业化,出口技术含量与全球价值链分工地位[J].世界经济与政治论坛,2014(2):44-62. [16]ZHANG L.The knowledge spillover effects of FDI on the productivity and efficiency of research activities in China[J].China Economic Review,2017,42:1-14. [17]CARLUCCIO J,FALLY T.Foreign entry and spillovers with technological incompatibilities in the supply chain[J].Journal of International Economics,2013,90(1):123-135. [18]JAVORCIK B S,LO TURCO A,MAGGIONI D.New and improved:does FDI boost production complexity in host countries[J].The Economic Journal,2018,128(614):2507-2537. [19]LIANG F H.Does foreign direct investment improve the productivity of domestic firms? Technology spillovers,industry linkages,and firm capabilities[J].Research Policy,2017,46(1):138-159. [20]RODRIK D.Goodbye Washington consensus,hello Washington confusion? A review of the World Bank's economic growth in the 1990s:learning from a decade of reform[J].Journal of Economic Literature,2006,44(4):973-987. [21]BLONIGEN B A,DAVIES R B,WADDELL G R,et al.FDI in space:spatial autoregressive relationships in foreign direct investment[J].European Economic Review,2007,51(5):1303-1325. [22]BURSTEIN A T,ALEXANDER M N.Foreign know-how,firm control,and the income of developing countries[J].The Quarterly Journal of Economics,2009,124(1):149-195. [23]AITKEN B J,HARRISON A E.Do domestic firms benefit from direct foreign investment? Evidence from Venezuela[J].American Economic Review,1999,89(3):605-618. [24]AGHION P,BLOOM N,BLUNDELL R,et al.Competition and innovation:an inverted-U relationship[J].The Quarterly Journal of Economics,2005,120(2):701-728. [25]AGHION P,BERGEAUD A,LEQUIEN M,et al.The heterogeneous impact of market size on innovation:evidence from French firm-level exports[J].Review of Economics and Statistics,2023,106(3):605-626. [26]吕越,陈帅,盛斌.嵌入全球价值链会导致中国制造的“低端锁定”吗[J].管理世界,2018,34(8):11-29. [27]吴福象,刘志彪.城市化群落驱动经济增长的机制研究——来自长三角 16 个城市的经验证据[J].经济研究,2008(11):126-136. [28]ARKOLAKIS C,RAMONDO N,RODRÍGUEZ-CLARE A,et al.Innovation and production in the global economy[J].American Economic Review,2018,108(8):2128-2173. [29]HUMPHREY J,SCHMITZ H.How does insertion in global value chains affect upgrading in industrial clusters[J].Regional Studies,2002,36(9):1017-1027. [30]BARON R M,KENNY D A.The moderator-mediator variable distinction in social psychological research:conceptual,strategic,and statistical considerations[J].Journal of Personality and Social Psychology,1986,51,1173-1182. [31]ANTRÀS P,CHOR D,FALLY T,et al.Measuring the upstreamness of production and trade flows[J].American Economic Review,2012,102(3),412-416. [32]FALLY T.On the fragmentation of production in the U.S.[C].University of Colorado-Boulder,Mimeo,2011. [33]陈思,何文龙,张然.风险投资与企业创新:影响和潜在机制[J].管理世界,2017(1):158-169. [34]黎文靖,郑曼妮.实质性创新还是策略性创新——宏观产业政策对微观企业创新的影响[J].经济研究,2016(4):60-73. [35]曾颖,陆正飞.信息披露质量与股权融资成本[J].经济研究,2006(2):69-79,91. [36]HADLOCK C,PIERCE J.New evidence on measuring financial constraints:moving beyond the KZ Index[J].Review of Financial Studies,2010,23(5):1909-1940. [37]郭玥.政府创新补助的信号传递机制与企业创新[J].中国工业经济,2018(9):98-116. [38]EVENSON R E,WESTPHAL L E.Technological change and technology strategy[J].Handbook of Development Economics,1995,3,45-66. [39]LI D M.When less is more:financial constraints and innovative efficiency[J/OL].SSRN Electronic Journal:1-42[2023-12-20].https://citeseerx.ist.psu.edu/document?repid=rep1&type=pdf&doi=502cd8ae9a5f688cb8a223ae064ff43bb801d2f4. [40]MAIETTA O W,SENA V.Financial constraints and technical efficiency:some empirical evidence for Italian producer's cooperative[J].Annals of Public and Cooperative Economics,2010,81(1):21-38.
2024, Vol. 5 
