Does the development of the Internet improve the allocative efficiency of production factors? Evidence from surveys of Chinese manufacturing firms

LIU, Yajie; Cui, Lijuan; Xiong, Yanyan; YAO, Xianguo

doi:10.1016/j.strueco.2023.04.017

Cited by 9 publications

(1 citation statement)

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“…The development of the Internet has largely reduced transaction costs and increased productivity [33]. The development of the Internet has broken down barriers to information transmission, accelerated the flow of data and communication, and reduced information asymmetry, thus improving the efficiency of factor allocation [34]. Second, the Internet has given rise to the "connected economy", which facilitates cross-sectoral and cross-industry data sharing, information interaction, and technological competition and spillovers.…”

Section: Research Hypothesis 221 Internet Development and Green Total...mentioning

confidence: 99%

Internet Development and Green Total Factor Productivity: New Evidence of Mediation and Threshold Effects

et al. 2023

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The strategy of sustainable development is not only a long-term plan for the survival and development of the Chinese nation, but also an inevitable requirement for the coordinated economic and social development of all countries in the world. With the rapid development of new-generation information technology, the Internet may play an even more important role in the implementation of sustainable development strategies. Using China’s interprovincial panel data from 2011 to 2020, this paper examines the impact of internet development on green total factor productivity (GTFP) and its mechanism of action using a two-way fixed-effects panel model, a mediation effects model and a threshold effects model. The results show that, firstly, internet development can significantly promote the increase in GTFP, and this conclusion still holds after several robustness tests; secondly, internet development can indirectly promote GTFP through optimizing industrial structure, human capital structure and improving technological innovation; thirdly, based on a single threshold effect of advanced industrial structure, advanced human capital and internet development, the impact of the Internet on GTFP is found to be nonlinear. Finally, our study provides policy recommendations for the promotion of green total factor productivity in China.

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Section: Research Hypothesis 221 Internet Development and Green Total...mentioning

confidence: 99%