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The Research on the Impact of Regional Trade Network Relationships on Value Chain Resilience in China’s Service Industry

Author

Listed:
  • Zhang Hanmei

    (Wu Jinglian School of Economics, Changzhou University, Changzhou, 213000, Jiangsu, China)

  • Dai Tianle

    (Department of Economics, University of Birmingham, Edgbaston, Birmingham, B15 2TT, United Kingdom)

Abstract

Regional trade network relationships are not only a medium for transmitting shocks to value chains, but also an important vehicle for reconfiguring value chains. This article applies social network analysis, combines regional trade agreements, and describes the current status of regional trade network development in North America, the European Union, and “the Belt and Road,” as well as the individual characteristics of China’s service industry in each regional trade network by using the indicators of trade relations to construct the network density, connectedness, and centrality through clustering analysis. The research found that the complexity of regional trade network relationships has increased over the years. Additionally, the developing trend of equalization is accelerating but still exhibits a “Core-Periphery” structure. Additionally, subregional groups within the regional trade network are increasingly obvious. Further study on the impact of industry regional centrality on value chain resilience revealed that the increase of degree centrality and the betweenness centrality of China’s service industry can conspicuously strengthen value chain resilience in regional trade network relationships. Moreover, balanced regional trade network relationships can reinforce this effect. In contrast, the degree of the polarity of regional trade network relationships exacerbates the weakening motivation of centrality for value chain resilience.

Suggested Citation

  • Zhang Hanmei & Dai Tianle, 2024. "The Research on the Impact of Regional Trade Network Relationships on Value Chain Resilience in China’s Service Industry," Economics - The Open-Access, Open-Assessment Journal, De Gruyter, vol. 18(1), pages 1-21.
    • Handle: RePEc:bpj:econoa:v:18:y:2024:i:1:p:21:n:1002
    DOI: 10.1515/econ-2022-0119
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    References listed on IDEAS

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    1. Pol Antràs & Davin Chor, 2013. "Organizing the Global Value Chain," Econometrica, Econometric Society, vol. 81(6), pages 2127-2204, November.
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    3. James E. Rauch, 2001. "Business and Social Networks in International Trade," Journal of Economic Literature, American Economic Association, vol. 39(4), pages 1177-1203, December.
    4. Yaya Li & Yongli Li & An Pan & Xue Pan & Eleonora Veglianti, 2022. "The Network Structure Characteristics and Determinants of the Belt & Road Industrial Robot Trade," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 58(5), pages 1491-1501, April.
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    More about this item

    Keywords

    regional trade network relationships; trade network relationships; service industry; value chain resilience;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

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