›› 2018, Vol. 30 ›› Issue (5): 127-136.

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Research on the Intermediate Consumption of the Manufacturing Industry in Yangtze River Delta during Its Insertion into the Global Value Chain

Yuan Xiaohui1,2, Fan Jin1, Xu Xiaohuan2   

  1. 1. Institute of Macroeconomic Development Quality, Nanjing Forestry University, Nanjing 210037;
    2. Decision Consulting Research Center, Jiangsu Administration Institute, Nanjing 210009
  • Received:2016-11-17 Online:2018-05-28 Published:2018-05-29

Abstract:

Intermediate input is also a kind of capital, with an important role in the production process, which can't be ignored. The level of it reflects the quality and efficiency of economic growth in fact. Based on the measurement of the degree to which the manufactur-ing industry in Yangtze River Delta is inserted into the global value chain, this paper has a further study on Jiangsu manufacturing indus-try as an example, analyzes the dynamic evolution characteristics of the intermediate consumption of different manufacturing industries during the insertion into the global value chain, and then seeks explanations from the perspective of technological progress and structural changes. The research shows that:firstly, with respect to Zhejiang and Shanghai, Jiangsu manufacturing industry is inserted into the global value chain to a higher degree. The industries with the higher proportion of the total output value of manufacturing industry, such as communications equipment, computers and other electronic equipment manufacturing industry, chemical industry, metal smelting and rolling processing industry and textile industry, are inserted into the global value chain to a higher degree; secondly, the industries with higher degree of insertion into the global value chain also have higher intermediate consumption; thirdly, compared with imported goods, the intermediate use of national products is greatly influenced by technological progress and structural change; and fourthly, although the technological progress reduces the intermediate consumption of the industries with the higher degree of insertion into the global value chain, the industrial structure upgrading enhances the nature of the intermediate products of these sectors.

Key words: Yangtze River Delta, manufacturing industry, global value chain, intermediate consumption