Yue Zhang,Zhilin Huang,Haoyang Shi,Zixing Zeng,Yingjie Chen,Xiran Li,Fei Ji
Issue:
Volume 1, Issue 3, September 2019
Pages:
18-26
Received:
30 November 2019
Accepted:
19 February 2020
Published:
3 March 2020
Downloads:
Views:
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.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 p...Show More
