Author(s)

Jiangmin Lou, Zhijun Yan

Corresponding Author

Jiangmin Lou

ABSTRACT

This paper employs principal component analysis method and combines the data of the domestic added value of high-tech manufacturing exported to the United States from 2000 to 2014 based on the input-output model to analyze the factors that influence value added. The results show that, first of all, China's trade added value of high-tech manufacturing industry exporting to the United States in the 2000-2014 years began to increase slowly after 2000, and almost ceased to grow in 2008, which may be affected by the financial crisis, and China's export to the United States was thus reduced. Since 2009, trade value added has increased rapidly and it is a manifestation of China's economic growth. Secondly, the scale of trade, value-added of intermediate products, the efficiency of energy conversion, R&D spending, the degree of division of labor in the global value chain, and the proportion of added value to industry GDP all have a key impact on the value added of trade, among which trade scale plays the most significant impact on high-tech manufacturing industry, which indicates that the high-tech manufacturing industry mainly relies on the expansion of export scale to achieve trade interests, while the export value-adding ability and its international competitiveness need to be improved. It is recommended that China should pay more attention to the development of its high-tech manufacturing industry and improve the utilization and conversion efficiency of resources. At the same time, the nation should improve its division of labor position in the global value chain and rely on technological progress to increase the value of trade rather than its export scale.

KEYWORDS

Value added, High-tech manufacturing, Influencing factors