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| Development of Circulation Industry, Domestic Market Integration and Deepening of the National Value Chain Division#br# |
| CHEN Jinran1, WANG Jiarong2, YANG Xueping3 |
1.School of Economics, Capital University of Economics and Business
2.School of Business, Renmin University of China
3.School of Business Administration, Zhejiang Gongshang University |
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Abstract: Under the realistic background of accelerating the construction of a new development pattern, to give full play to ultra-large-scale market advantage and deepen the National Value Chain division are significant to consolidate the foundation of the domestic circulation and reinforce the mutual promotion of domestic and international dual circulation. This paper focuses on the impact of the development of circulation industry on the National Value Chain division and the complementary role played by the domestic market integration. The paper finds that: (1) the development of circulation industry will significantly promote the deepening of the National Value Chain division. This positive effect is mainly realized through scale expansion, structure optimization and infrastructure improvement of circulation industry. (2) Threshold regression results show that only when the domestic market integration reaches a certain level can the development of circulation industry play a positive role in promoting the deepening of the National Value Chain division. (3) Further heterogeneity tests suggest that in non-labor-intensive industries and the central and western regions, the development of circulation industry has a more significant positive impact on the National Value Chain. In the future, we should further promote the high-quality development of the circulation industry, and gradually remove the institutional obstacles in the domestic market, in order to promote the formation of the national unified market, and lay a foundation for the construction of National Value Chain.
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Received: 06 May 2022
Published: 15 August 2022
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2022, Vol. 42 
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