Study on the Influence of Digital Investment on the Upgrading of Global Value Chain of Chinese Manufacturing Industry

Abstract

Under the background of accelerated integration of digitalization and manufacturing, in this paper, the development status of China's manufacturing digitalization was analyzed firstly, and then the panel data of 18 departments of Chinese manufacturing industry from 2000 to 2014 were analyzed by using fixed-effect model, to explore the influence of digital investment on the GVC upgrade of Chinese manufacturing industry. The empirical results show that digital investment has a positive effect on China's manufacturing GVC upgrading, labor productivity and overseas demand also have a positive effect on China's manufacturing GVC upgrading, while capital stock and factor returns have a negative effect. Finally, suggestions are made based on the empirical results.