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| The Mechanism Research on Dynamic Evolution of China's Advantageous Industry Portfolio |
| Liu Linqing,Chen Ziruo |
| （School of Economics and Management, Wuhan University, Wuhan 430072,China） |
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Abstract Based on product space theory,this paper using the export data of 783 industries in 128 countries or areas from 1962 to 2015 applies the latest Temporal Exponential Random Graph Models (TERGM) to deeply dissect the dynamic evolution mechanisms of China's advantageous industry portfolio.Research results show that it demonstrates a significant macro core-periphery network structure in China's advantageous industry portfolio,the micro mechanisms behind which are star-shaped and agglomerated configurations,meaning anchoring and chain development path respectively.Furthermore,it shows incremental development strategy,that is,China's initial industrial structure impacts and shapes advantageous industry portfolio in future,suggesting strong self-stability.The research suggests that TERGM can effectively deal with structural dependence and time dependence,being a social network analysis tool that systematically describes and tests network evolution,and also reveals the process and formation of dynamic evolution about China's advantageous industry portfolio through micro network configurations.This paper provides guidance for better understanding the network interdependence of industrial structure,realizing industrial transformation and upgrading,and grasping the opportunities of economic globalization.
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Received: 26 December 2019
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