Abstract:
Chinese SMEs have spearheaded the integration of the Chinese economy with the world economy through their close involvement and partnership with the Asian regional and global production networks and supply chains. Several factors contributed to this, of which a significant improvement in China's transport infrastructures was a key one. This paper reviews and analyzes the rise and development of modern regional and global production networks and supply chains thanks to increased extents of production fragmentation, with a focus on the status and role of SMEs, in particular those from developing countries. A pre-condition for SMEs to play their role is adequate transport infrastructures. Using a set of Chinese provincial panel data, our empirical investigation verifies the strong impact of transport infrastructures on the performances of Chinese SMEs by promoting their integration, and thereby the integration of the Chinese economy, with regional and global production networks and supply chains.
刘民权. 全球化中的中国中小企业:交通基础设施的作用[J]. 金融研究, 2018, 454(4): 121-137.
LIU Minquan. Chinese SMEs Riding on the Waves of Globalization: The Role of Transport Infrastructure. Journal of Financial Research, 2018, 454(4): 121-137.
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