美国产业补贴对美中供应链关系的影响研究  

A Study on the Impactof Us Industrial Subsidies on US-China Supply Chain Relationships

作　　者：王琦凯 靳玉英[1] 彭珮 WANG Qikai;JIN Yuying;PENG Pei

机构地区：[1]上海财经大学商学院

出　　处：《国际贸易问题》2023年第3期1-17,共17页Journal of International Trade

基　　金：国家社会科学重大基金项目“新发展格局视阈下中国宏观调控跨周期设计与调节的理论与实验研究”(21&ZD082);中央高校基本科研业务费专项资金(CXJJ-2022-406)。

摘　　要：利用全球供应链数据和企业层面的补贴数据,本文探讨了美国产业补贴对美国客户企业与中国供应商企业供应链关系变动的影响及其作用机制。结果表明:美国企业获得的政府补贴越多,越会促进其与中国供应商建立供应链关系,同时抑制其与中国供应商终止供应链关系;类似效应也存在于美国客户企业与除中国之外的其他经济体供应商之间;在作用机制上,美国产业补贴主要通过缓解美国企业融资约束、减少政策不确定性冲击以及加强研发创新等渠道发挥以上作用。此外,未发现美国产业补贴促进受补贴企业与美国本土供应商加强供应链关系。This article explores the effects and mechanisms of US industrial subsidies on changes in supply chain relationships between US client companies and Chinese supplier companies by using global supply chain data and enterprise-level subsidy data.The main research finding is that the more government subsidies American companies receive,the more the companies are likely to establish supply chain relationships with Chinese suppliers and less likely to terminate those relationships.Similar effects are observed between American client companies and suppliers from other countries.The mechanisms underlying are due to US industrial subsidies alleviating financing constraints for American companies,reducing the impact of policy uncertainty,and strengthening R&D innovation.Additionally,US industrial subsidies do not appear to promote the strengthening of supply chain relationships between subsidized companies and suppliers within the United States.

关 键 词：补贴 供应链 融资约束 政策不确定性 研发 

分 类 号：F742[经济管理—国际贸易]