Abstract Based on multi-product enterprise panel data matched by China’s listed company database, OECD input-output database and China Import and Export Customs Enterprise Database, the paper empirically analyzes the impact of digital global value chain embedding on manufacturing enterprises’ carbon emissions. The results show that embedding in digital global value chains significantly reduces carbon emissions of manufacturing enterprises, and deep participation in digital global value chains can help achieve carbon emission reduction goals. Mechanism analysis finds that digital global value chain embedding promotes carbon emission reduction in manufacturing companies by promoting technological diversity, improving energy efficiency and reducing trade costs. Heterogeneous analysis reveals that the core products of enterprises embedded in the digital global value chain have a strong carbon emission reduction effect. General trade enterprises that integrate into the digital global value chain can significantly reduce carbon emissions, while mixed trade enterprises that do so can increase carbon emissions. High carbon-intensive enterprises are key targets for promoting the low-carbon and green transformation of manufacturing enterprises, and the carbon emission reduction effect is most significant for low carbon-intensive enterprises when they are integrated into the digital global value chain. Therefore, strengthening the mechanisms for interest linkage and information sharing within the agricultural industry chain, and improving the functions of credit collateral and guarantees are important strategic choices for enhancing rural revitalization financial services in the new era. Further analysis reveals that manufacturing enterprises that integrate into the digital global value chain through forward participation significantly reduce carbon emissions, while those that integrate through backward participation increase their carbon emissions. The higher the position of manufacturing enterprises in the digital global value chain, the better the carbon emission reduction effect.
WU Jie. A Study on the Impact of Digital Global Value Chain Integration on the Carbon Emissions of Manufacturing Enterprises. Economic Survey, 2024, 41(5): 092.
2024, Vol. 41 
