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

被引:3
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
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
收藏
页码:1607 / 1644
页数:38
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