Author(s)

Wang Qi ¹

Affiliation(s)

¹ School of Economics and Management, Lanzhou University of Technology, Gansu, China

Corresponding Author

Wang Qi

ABSTRACT

The manufacturing industry in China has been developing rapidly in recent years with increasingly stronger competitiveness in international market. Numerous factors could influence manufacturing participation in international competition. This paper focuses on the impact of innovation capability on international participation of manufacturing industry, it first constructed the manufacturing innovation capability index system, and the Entropy Method was adopted to calculate the manufacturing innovation capability index (MICI) of domestic industry segments and other global economies from 2008 to 2018. then, the global value chain (GVC) participation index was used to measure the international participation (GVC) of manufacturing industry in China and other economies from 2008 to 2018; finally, with the introduction of eight variables, including the explained variable GVC and the core explanatory variable MICI, it is empirically proved that MICI does have a significant effect on the promotion of international participation of manufacturing industry. On this basis, this paper takes enterprises and the government as the two main bodies, and puts forward corresponding suggestions based on the indicators used in the literature, hoping that the international participation of China’s manufacturing industry in the global division of labor can be enhanced in the future.

KEYWORDS

Manufacturing Industry, Innovation Capability, International Participation, Global Value Chain (GVC)

CITE THIS PAPER

Wang Qi, Research on the Influence of Innovation Capability on the International Participation of Chinese Manufacturing Industry from the Perspective of GVC. Financial Engineering and Risk Management (2022) Vol. 5: 120-129. DOI: http://dx.doi.org/10.23977/ferm.2022.050515.

REFERENCES

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