Research Article
Analysis on the Mechanism of Intermediate Goods Import and Total Factor Productivity on Enterprise Innovation
@INPROCEEDINGS{10.4108/eai.9-12-2022.2327741, author={Rui Niu and Yueyang Zhang}, title={Analysis on the Mechanism of Intermediate Goods Import and Total Factor Productivity on Enterprise Innovation}, 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={import of intermediate goods; total factor productivity; enterprise innovation; fixed effects model}, doi={10.4108/eai.9-12-2022.2327741} }- Rui Niu
Yueyang Zhang
Year: 2023
Analysis on the Mechanism of Intermediate Goods Import and Total Factor Productivity on Enterprise Innovation
MSIEID
EAI
DOI: 10.4108/eai.9-12-2022.2327741
Abstract
In recent years, the degree of economic globalization and the continuous deepening and development of global value chain integration have spawned research on the relationship between enterprise innovation based on the import of intermediate goods and total factor productivity. This paper uses the 2006-2010 China industrial enterprise database and import and export customs database to filter and sort out the intermediate goods trade data, and calculates the company’s total factor productivity using the OP method using the company’s net fixed assets, number of employees, production costs and other data. The fixed effects (FE) method builds a panel model to test the impact and mechanism of intermediate product imports and total factor productivity on enterprise innovation. Research shows that the import of intermediate goods and total factor productivity have a positive role in promoting enterprise innovation mainly through technology spillover effects and profit growth effects. Among them, capital-intensive companies and high-productivity companies have a comparative advantage in absorbing technology spillover effects brought about by imports of intermediate goods, and labor-intensive companies and low-productivity companies are more sensitive to profit growth effects related to total factor productivity.