The Belt and Road Initiative and High-tech Enterprise Total Factor Productivity

Yue Zhang; Zhilin Huang; Haoyang Shi; Zixing Zeng; Yingjie Chen; Xiran Li; Fei Ji

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The Belt and Road Initiative and High-tech Enterprise Total Factor Productivity

Yue Zhang, Zhilin Huang, Haoyang Shi, Zixing Zeng, Yingjie Chen, Xiran Li, Fei Ji

Published in Asia-Pacific Journal of Economics (Volume 1, Issue 3)

Received: 30 November 2019 Accepted: 19 February 2020 Published: 3 March 2020

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Abstract

The Belt and Road initiative is a great achievement and to develop the initiative better, we need to seek impetus from innovation and build "The Road" into a road of innovation. This paper regards the implementation of The Belt and Road initiative as a quasi-natural experiment, using the difference-in-difference model to explore the influence and path of the Belt and Road Initiative on the total factor productivity of high-tech enterprises. Based on the panel data of high-tech enterprises of listed companies from 2009 to 2018, this paper found that the inhibitory effect of The Belt and Road Initiative on total factor productivity of high-tech enterprises changed in an "U" shape and the result of this inhibitory effectwas still valid after the use of placebo test and robustness test. Further research shows that resource curse, environmental uncertainty, lack of tax incentives and lack of motivation are the main reasons to restrain high-tech enterprises from improving their level of technological innovation. However , the increase of innovation output of high-tech enterprises alleviates the restraining effect with the development of The Belt and Road initiative. The findings of this paper are of great significance for China to promote the development of The Belt and Road initiative from the perspective of scientific and technological innovation.

Published in	Asia-Pacific Journal of Economics (Volume 1, Issue 3)
Page(s)	18-26
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2020. Published by Science Publishing Group

Keywords

The Belt and Road Initiative; DID Model, Total Factor Productivity, Scientific and Technological Innovation

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APA Style

Yue Zhang, Zhilin Huang, Haoyang Shi, Zixing Zeng, Yingjie Chen, et al. (2020). The Belt and Road Initiative and High-tech Enterprise Total Factor Productivity. Asia-Pacific Journal of Economics, 1(3), 18-26.

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ACS Style

Yue Zhang; Zhilin Huang; Haoyang Shi; Zixing Zeng; Yingjie Chen, et al. The Belt and Road Initiative and High-tech Enterprise Total Factor Productivity. Asia-Pac. J. Econ. 2020, 1(3), 18-26.

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AMA Style

Yue Zhang, Zhilin Huang, Haoyang Shi, Zixing Zeng, Yingjie Chen, et al. The Belt and Road Initiative and High-tech Enterprise Total Factor Productivity. Asia-Pac J Econ. 2020;1(3):18-26.

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@article{10045231,
  author = {Yue Zhang and Zhilin Huang and Haoyang Shi and Zixing Zeng and Yingjie Chen and Xiran Li and Fei Ji},
  title = {The Belt and Road Initiative and High-tech Enterprise Total Factor Productivity},
  journal = {Asia-Pacific Journal of Economics},
  volume = {1},
  number = {3},
  pages = {18-26},
  url = {https://www.sciencepublishinggroup.com/article/10045231},
  abstract = {The Belt and Road initiative is a great achievement and to develop the initiative better, we need to seek impetus from innovation and build "The Road" into a road of innovation. This paper regards the implementation of The Belt and Road initiative as a quasi-natural experiment, using the difference-in-difference model to explore the influence and path of the Belt and Road Initiative on the total factor productivity of high-tech enterprises. Based on the panel data of high-tech enterprises of listed companies from 2009 to 2018, this paper found that the inhibitory effect of The Belt and Road Initiative on total factor productivity of high-tech enterprises changed in an "U" shape and the result of this inhibitory effectwas still valid after the use of placebo test and robustness test. Further research shows that resource curse, environmental uncertainty, lack of tax incentives and lack of motivation are the main reasons to restrain high-tech enterprises from improving their level of technological innovation. However , the increase of innovation output of high-tech enterprises alleviates the restraining effect with the development of The Belt and Road initiative. The findings of this paper are of great significance for China to promote the development of The Belt and Road initiative from the perspective of scientific and technological innovation.},
 year = {2020}
}

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TY  - JOUR
T1  - The Belt and Road Initiative and High-tech Enterprise Total Factor Productivity
AU  - Yue Zhang
AU  - Zhilin Huang
AU  - Haoyang Shi
AU  - Zixing Zeng
AU  - Yingjie Chen
AU  - Xiran Li
AU  - Fei Ji
Y1  - 2020/03/03
PY  - 2020
T2  - Asia-Pacific Journal of Economics
JF  - Asia-Pacific Journal of Economics
JO  - Asia-Pacific Journal of Economics
SP  - 18
EP  - 26
PB  - Science Publishing Group
UR  - http://www.sciencepg.com/article/10045231
AB  - The Belt and Road initiative is a great achievement and to develop the initiative better, we need to seek impetus from innovation and build "The Road" into a road of innovation. This paper regards the implementation of The Belt and Road initiative as a quasi-natural experiment, using the difference-in-difference model to explore the influence and path of the Belt and Road Initiative on the total factor productivity of high-tech enterprises. Based on the panel data of high-tech enterprises of listed companies from 2009 to 2018, this paper found that the inhibitory effect of The Belt and Road Initiative on total factor productivity of high-tech enterprises changed in an "U" shape and the result of this inhibitory effectwas still valid after the use of placebo test and robustness test. Further research shows that resource curse, environmental uncertainty, lack of tax incentives and lack of motivation are the main reasons to restrain high-tech enterprises from improving their level of technological innovation. However , the increase of innovation output of high-tech enterprises alleviates the restraining effect with the development of The Belt and Road initiative. The findings of this paper are of great significance for China to promote the development of The Belt and Road initiative from the perspective of scientific and technological innovation.
VL  - 1
IS  - 3
ER  -

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Author Information

Yue Zhang

School of Economics and Trade, Guangdong University of Foreign Studies, Guangzhou, China
Zhilin Huang

School of Economics and Trade, Guangdong University of Foreign Studies, Guangzhou, China
Haoyang Shi

School of Economics and Trade, Guangdong University of Foreign Studies, Guangzhou, China
Zixing Zeng

School of Economics and Trade, Guangdong University of Foreign Studies, Guangzhou, China
Yingjie Chen

School of Economics and Trade, Guangdong University of Foreign Studies, Guangzhou, China
Xiran Li

School of Economics and Trade, Guangdong University of Foreign Studies, Guangzhou, China
Fei Ji

International Research Center for the 21st Century Maritime Silk Road and Regional Innovation, Guangdong University of Foreign Studies, Guangzhou, China

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Plain Text BibTeX RIS

APA Style

Yue Zhang, Zhilin Huang, Haoyang Shi, Zixing Zeng, Yingjie Chen, et al. (2020). The Belt and Road Initiative and High-tech Enterprise Total Factor Productivity. Asia-Pacific Journal of Economics, 1(3), 18-26.

Copy | Download

ACS Style

Yue Zhang; Zhilin Huang; Haoyang Shi; Zixing Zeng; Yingjie Chen, et al. The Belt and Road Initiative and High-tech Enterprise Total Factor Productivity. Asia-Pac. J. Econ. 2020, 1(3), 18-26.

Copy | Download

AMA Style

Yue Zhang, Zhilin Huang, Haoyang Shi, Zixing Zeng, Yingjie Chen, et al. The Belt and Road Initiative and High-tech Enterprise Total Factor Productivity. Asia-Pac J Econ. 2020;1(3):18-26.

Copy | Download

@article{10045231,
  author = {Yue Zhang and Zhilin Huang and Haoyang Shi and Zixing Zeng and Yingjie Chen and Xiran Li and Fei Ji},
  title = {The Belt and Road Initiative and High-tech Enterprise Total Factor Productivity},
  journal = {Asia-Pacific Journal of Economics},
  volume = {1},
  number = {3},
  pages = {18-26},
  url = {https://www.sciencepublishinggroup.com/article/10045231},
  abstract = {The Belt and Road initiative is a great achievement and to develop the initiative better, we need to seek impetus from innovation and build "The Road" into a road of innovation. This paper regards the implementation of The Belt and Road initiative as a quasi-natural experiment, using the difference-in-difference model to explore the influence and path of the Belt and Road Initiative on the total factor productivity of high-tech enterprises. Based on the panel data of high-tech enterprises of listed companies from 2009 to 2018, this paper found that the inhibitory effect of The Belt and Road Initiative on total factor productivity of high-tech enterprises changed in an "U" shape and the result of this inhibitory effectwas still valid after the use of placebo test and robustness test. Further research shows that resource curse, environmental uncertainty, lack of tax incentives and lack of motivation are the main reasons to restrain high-tech enterprises from improving their level of technological innovation. However , the increase of innovation output of high-tech enterprises alleviates the restraining effect with the development of The Belt and Road initiative. The findings of this paper are of great significance for China to promote the development of The Belt and Road initiative from the perspective of scientific and technological innovation.},
 year = {2020}
}

Copy | Download

TY  - JOUR
T1  - The Belt and Road Initiative and High-tech Enterprise Total Factor Productivity
AU  - Yue Zhang
AU  - Zhilin Huang
AU  - Haoyang Shi
AU  - Zixing Zeng
AU  - Yingjie Chen
AU  - Xiran Li
AU  - Fei Ji
Y1  - 2020/03/03
PY  - 2020
T2  - Asia-Pacific Journal of Economics
JF  - Asia-Pacific Journal of Economics
JO  - Asia-Pacific Journal of Economics
SP  - 18
EP  - 26
PB  - Science Publishing Group
UR  - http://www.sciencepg.com/article/10045231
AB  - The Belt and Road initiative is a great achievement and to develop the initiative better, we need to seek impetus from innovation and build "The Road" into a road of innovation. This paper regards the implementation of The Belt and Road initiative as a quasi-natural experiment, using the difference-in-difference model to explore the influence and path of the Belt and Road Initiative on the total factor productivity of high-tech enterprises. Based on the panel data of high-tech enterprises of listed companies from 2009 to 2018, this paper found that the inhibitory effect of The Belt and Road Initiative on total factor productivity of high-tech enterprises changed in an "U" shape and the result of this inhibitory effectwas still valid after the use of placebo test and robustness test. Further research shows that resource curse, environmental uncertainty, lack of tax incentives and lack of motivation are the main reasons to restrain high-tech enterprises from improving their level of technological innovation. However , the increase of innovation output of high-tech enterprises alleviates the restraining effect with the development of The Belt and Road initiative. The findings of this paper are of great significance for China to promote the development of The Belt and Road initiative from the perspective of scientific and technological innovation.
VL  - 1
IS  - 3
ER  -

Copy | Download