• 论文 •

### 中国加工贸易的价值攀升：嵌入NVC会优于GVC吗

• 出版日期:2017-08-15 发布日期:2017-08-25

### The Rising Value of China's Processing Trade: Is NVC Embedded Better than GVC

Yuan Kaihua & Peng Shuijun

• Online:2017-08-15 Published:2017-08-25

Abstract:

The embedded national value chain (NVC) is regarded as an important way to boost the value of China's processing trade, subject to the low value predicament under the division of labor system of the global value chain (GVC). Based on the OECD-ICIO database, this paper uses the value-added accounting model of Wang et al. (2017) to measure and compare the domestic value-added rate of China's OEM (Original Equipment Manufacturer) embedded in GVC and NVC from 1995 to 2011, and analyzes the driving factors of the domestic value-added rate under the GVC and NVC. The results show that in the observation period, the OEM in China showed an obvious development trend of “export to domestic sales”, but the pulling effect of embedded NVC on domestic value added rate is weaker than that of GVC. The rapid value escalation of processing trade is mainly backstopped by GVC; the relative lag in value escalation by NVC is mainly due to the plight of "lack of domestic supporting policies→sluggish domestic sales→more foreign elements embedded". Therefore, the future transformation and upgrading should be strengthened with the domestic industrial supporting measures to reverse the extensive business models, in order to practically use NVC to promote the value escalation of the processing trade in China.