Service liberalization and productivity in high-tech firms: Evidence from China

被引：4

作者：

Li, Xuchao ^{[1
]}

Zhao, Jing ^{[2
,3
]}

Yang, Ruomeng ^{[2
]}

机构：

[1] Wuhan Univ, Ctr Econ Dev Res CEDR, Wuhan, Peoples R China

[2] Wuhan Univ, Econ & Management Sch, 299 Bayi Rd, Wuhan, Hubei, Peoples R China

[3] City Univ Hong Kong, Coll Business, Hong Kong, Peoples R China

来源：

REVIEW OF INTERNATIONAL ECONOMICS | 2024年 / 32卷 / 04期

关键词：

high-tech manufacturing; service liberalization; TFP; FOREIGN DIRECT-INVESTMENT; MANUFACTURING PRODUCTIVITY; FINANCIAL DEVELOPMENT; TRADE; INNOVATION; EXPORT; ENTRY; FDI;

D O I：

10.1111/roie.12745

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This article studies the relationship between service liberalization and the productivity of high-tech manufacturing. Examining the sudden relaxation of FDI regulation in several service sectors in China, this article finds that service liberalization improves high-tech firms' TFP. The effect is greater in non-SOEs, firms with a higher degree of service dependence, and firms located in regions with better institutional environments. Furthermore, after service liberalization, high-tech firms of all sizes have more outsourcing service expenditures and spend less on intermediate inputs. Only large-sized high-tech firms increase their R&D expenditures to improve production efficiency.

引用

页码：1607 / 1644

页数：38

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