Research Article
Research on Global Value Chain, Labor Market Segmentation and Capital Remuneration
@INPROCEEDINGS{10.4108/eai.9-12-2022.2327646, author={Rui Niu and Shicheng Fan}, title={Research on Global Value Chain, Labor Market Segmentation and Capital Remuneration}, proceedings={Proceedings of the 4th Management Science Informatization and Economic Innovation Development Conference, MSIEID 2022, December 9-11, 2022, Chongqing, China}, publisher={EAI}, proceedings_a={MSIEID}, year={2023}, month={3}, keywords={global value chain; labor market segmentation; capital remuneration; enterprise heterogeneity; influence mechanism}, doi={10.4108/eai.9-12-2022.2327646} }- Rui Niu
Shicheng Fan
Year: 2023
Research on Global Value Chain, Labor Market Segmentation and Capital Remuneration
MSIEID
EAI
DOI: 10.4108/eai.9-12-2022.2327646
Abstract
With the integration of world economy, the participation of global value chain and the segmentation of the labor market will have a certain impact on capital remuneration. Starting from the enterprise level, using China's industrial enterprise data and customs data from 2010 to 2013, based on the calculation of capital remuneration, we study the impact of global value chain and labor market segmentation on capital remuneration by constructing a panel fixed effect model. The results show that global value chain and labor market segmentation decrease the capital remuneration. Enterprises' participation in global value chain has a great negative impact on capital remuneration of labor-intensive enterprises, and labor market segmentation has a great negative impact on capital remuneration of capital-intensive enterprises. The influence of global value chain and labor market segmentation on non-state-owned enterprises is significantly greater than that of state-owned enterprises; the expansion of enterprises' participation in the global value chain and the division of the labor market reduces the capital remuneration of enterprises by improving the total factor productivity and asset growth rate, which is more obvious in capital-intensive enterprises and non-state-owned enterprises.
