Examining export trade and corporate innovation: A multiphase difference-in-differences method

Zhou, D.; Peng, Jianfei; Gao, Xue

doi:10.1016/j.cjar.2021.01.002

Cited by 10 publications

(4 citation statements)

References 34 publications

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“…As for enterprise ownership structure, SOEs and NSOEs exhibit significant differences in resource endowments and institutional logic (Zhou et al, 2021). Additionally, substantial disparities in obtaining government subsidy resources exist between SOEs and NSOEs (Shao and Chen, 2022).…”

Section: Additional Tests 51 Heterogeneity Analysismentioning

confidence: 99%

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Carbon intensity constraint policy and firm green innovation in China: a quasi-DID analysis

Xu,

Ye,

2024

SAMPJ

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Purpose This paper aims to empirically investigate the impact of the carbon intensity constraint policy (CICP) on green innovation. Design/methodology/approach This study takes the implementation of the CICP as a quasi-natural experiment and uses a quasi–difference-in-difference method to investigate the impact of the CICP on firm green innovation from a microeconomic perspective. Findings The CICP significantly limits the quality of firms’ green innovation. Among the range of green patents, the CICP distorts only patents related to CO2 emissions. The inhibitory effect is more pronounced in non-state-owned enterprises and heavily polluting firms. R&D investment and green investor are identified as the main mechanism. Practical implications These findings provide evidence for the influence of the CICP on firm green innovation, which can guide policymakers in China and other emerging economies that prioritize carbon intensity constraint targets and the improvement of relevant auxiliary measures. Social implications Governments and firms should have a comprehensive understanding of environmental policies and corporate behavior and need to mitigate the negative impact through a combination of measures. Originality/value This study contributes to the literature by providing additional empirical evidence regarding the two opposing sides of the ongoing debate on the positive or negative effects of CICP. It also provides new evidence on the policy effect of the CICP on firm green innovation, together with its mechanisms and heterogeneous influences.

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Section: Additional Tests 51 Heterogeneity Analysismentioning

confidence: 99%

“…As for enterprise ownership structure, SOEs and NSOEs exhibit significant differences in resource endowments and institutional logic (Zhou et al. , 2021).…”

Section: Additional Testsmentioning

confidence: 99%

Carbon intensity constraint policy and firm green innovation in China: a quasi-DID analysis

Xu,

Ye,

2024

SAMPJ

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“…At the same time, products produced using the comparative advantages of other economies will have cost advantages in the international market, thereby promoting firms' exports. Lileeva & Trefler (2010), and Zhou et al (2021) have shown that firms' export activities promote technological innovation through channels such as achieving economies of scale and increasing risk-taking. Considering all the above analyses, the export promotion effect plays a significant role in the process of GVC relocation affecting firm innovation.…”

Section: Channelmentioning

confidence: 99%

The Impact of Global Value Chain Reconstruction on Innovation: Evidence from Chinese Manufacturing Firms

Zhu

2024

Preprint

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Based on the trends presented by China's participation in the global value chain (GVC) division of labor, this paper proposes to measure the reconstruction of the GVC from two perspectives: location reconstruction and transfer reconstruction. Through theoretical analysis, it elucidates the issue of how emerging economies represented by China drive innovation through role transformation in the process of participating in the GVC division of labor. Empirical tests are conducted using Chinese firm-level data from 2000 to 2013, and the results indicate that both location reconstruction towards high-tech segments and transfer reconstruction towards non-G7 economies have a promoting effect on firm innovation for emerging market economies. In this process, an increase in import downstreamness promotes firm innovation through technology spillover effect and absorptive capacity effect, however, spillover effect increase is also accompanied by "low-end lock-in" in processing trade firms and foreign-invested firms. Furthermore, the decrease in the share of intermediate products imported from G7 countries promotes firm innovation through the expansion of exports, especially the exports of intermediate products to non-G7 economies, which reflecting the transfer of value chains to some extent. JEL: F13;F14;O31

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“…Corporate technological innovation in central and eastern China has a significant impact on commodity exports, mainly through the realization of economies of scale and increased risk in business activities. Zhou et al (2021) [13] came to the conclusion that exports simultaneously, using the example of the PRC, initiate the registration of patents for inventions and utility models with high technological content. Sener & Delican (2019) [14], based on the results of a panel causality analysis (Dumitrescu & Hurlin panel causality analysis), identified a relationship between exports and innovation, information, and communication technologies, which subsequently determine the growth of international competitiveness in both developed and developing countries.…”

Section: Literature Review and Hypothesis Of The Studymentioning

confidence: 99%

The Influence of Macroeconomic Factors on the Export of Cereal Crops in Foreign Trade Activities Individual Countries

Khairova,

Perskaya,

Khairov

et al. 2023

J. Hum. Earth Future

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Aims: The aim is to analyze the impact of macroeconomic factors on the dynamics of realizing the foreign trade potential of companies based on vector autoregression and the formation of strategic priorities for the companies’ economic activities. Methods: The research methodology is based on the application of methods of time series analysis and impulse response functions. The Granger causality test was used for the linear causal relationship between the analyzed indicators. The study used statistical data for the period 2001–2020 in the annual section of the World Bank Trade Map portal. Results: It is shown that the innovative development of the country contributes to an increase in non-raw material trade with countries geographically close to its borders. It was revealed that the level of agricultural development of the importing country influences the import of cereals with a lag effect of 3–4 years. Justified: The intensification of export-import operations contributes to the development of the production potential of countries as a whole, creating great potential for enhancing the economic activity of agricultural companies and creating incentives for the development of the economies of the country's regions. It has been determined that the foreign trade system is an equilibrium system that returns to a stable state 2-3 years after the shock impact of exogenous and endogenous factors. Novelty: The novelty of the study lies in the assessment of the dynamic impact of the shock impact of exogenous and endogenous factors on macroeconomic indicators, taking into account the specifics of the foreign trade turnover of countries. Conclusion: The results of the study can be used to develop a strategy for the development of foreign trade activities, including grain crops for both countries, to realize more reliable forecasting of foreign economic transactions with a lag of 3-5 years. Doi: 10.28991/HEF-2023-04-04-08 Full Text: PDF

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Examining export trade and corporate innovation: A multiphase difference-in-differences method

Cited by 10 publications

References 34 publications

Carbon intensity constraint policy and firm green innovation in China: a quasi-DID analysis

Carbon intensity constraint policy and firm green innovation in China: a quasi-DID analysis

The Impact of Global Value Chain Reconstruction on Innovation: Evidence from Chinese Manufacturing Firms

The Influence of Macroeconomic Factors on the Export of Cereal Crops in Foreign Trade Activities Individual Countries

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