A New Perspective on Innovation Driving Global Value Chains Upgrading of High-Tech Industries: Evidence from China
- 1 School of Economics, Wuhan University of Technology, Wuhan, China
- 2 School of Economics, Wuhan University of Technology, Wuhan, China
Abstract
High-tech industries and their upgrading along global value chains are the important parts of China’s future industry development. The process of innovation promoting global value chains upgrading of high-tech industries is affected by four factors, namely, the innovation input, the innovation carrier, the innovation culture and the innovation market. If analyzed by the chemical reaction equation, the innovation input is considered as the reactant, the output is the resultant, the innovation carrier is the catalyst, the innovation culture is the equivalent to the reaction conditions, and the innovation market has the selection to the resultant. The final chosen innovation achievement can bring high-tech industries with product upgrading, process upgrading, function upgrading and value chain upgrading. Through the empirical test, it finds that the innovation input, the innovation market and the innovation culture have obvious effects on global value chains upgrading of high-tech industries, but the innovation carrier not.
- Zhang, H. and Zhai, X. (2018) Characteristics and Enlightenment of China’s Participation in Global Value Chains: A Study Based on Production Decomposition Model. The Journal of Quantitative & Technical Economics, 35, 3-22.
- Zhao, Y. (2012) High-Tech Industrial Economics. 2nd Edition, Science Press, Beijing.
- Zhao, Y. and Gao, Y. (2019) The Driving Role of Technological Innovation in Global Value Chain Upgrading of High-Tech Industries: Evidence from High-Tech Industries in Hubei Province. Science & Technology Progress and Policy, 36, 52-60.
- Hausmann, R., Hwang, J. and Rodrik, D. (2007) What You Export Matters. Journal of Economic Growth, 12, 1-25. https://doi.org/10.1007/s10887-006-9009-4
- Rodrik, D. (2006) What’s So Special about China’s Exports? China & World Economy, 14, 1-19. https://doi.org/10.1111/j.1749-124X.2006.00038.x
- Amiti, M. and Freund, C. (2010) The Anatomy of China’s Export Growth. In: Feenstra, R.C. and Wei, S.-J., Eds., China’s Growing Role in World Trade, University of Chicago Press, Chicago, IL, 35-56.
- Xu, B. (2010) The Sophistication of Exports: Is China Special? China Economic Review, 21, 482-493. https://doi.org/10.1016/j.chieco.2010.04.005
- Li, H., Li, Z. and Yi, Y. (2017) Research on Driving Factors and Realization Path of Independent Innovation in China’s High-Tech Industry. Scientific Management Research, 35, 50-54.
- Chen, Z.C., Ma, H.Q. and Shao, L. (2012) Factors Affecting Global Value Chains Upgrading of China’s High-Tech Industry. Journal of Shanghai University of Finance and Economics, 14, 56-64.
- Yang, L. and Luo, Y. (2017) China’s Outward Foreign Direct Investment and Global Value Chains Upgrading. The Journal of Quantitative & Technical Economics, 34, 54-70.
- Lemoine, F. and Unal, D. (2017) China’s Foreign Trade: A “New Normal”. China & World Economy, 25, 1-21. https://doi.org/10.1111/cwe.12191
- Lin, S. (2015) Empirical Study on the Impact of Technological Innovation on the Export Sophistication of China’s High-Tech Products Research. Journal of Nanjing University of Finance and Economics, 29, 14-19.
- Luo, L.-Y. and Qi, Y. (2016) Technological Innovation Efficiency on the Quality of Export Products of China’s Manufacturing Industry Research on the Impact of Upgrading. International Economics and Trade Research, 32, 37-50.