Impact of digitalization and environmental regulation on total factor productivity

IF 4.5 3区经济学 Q1 ECONOMICS

Information Economics and Policy Pub Date : 2022-12-01 DOI:10.1016/j.infoecopol.2022.101007

Huwei Wen , Changyong Wen , Chien-Chiang Lee

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引用次数: 40

Abstract

Clean production and digitalization are the main directions of global manufacturing development under the new industrial revolution. Based on the application of digital technologies in enterprises caused by the smart city construction in China, this study adopts the difference-in-difference method to investigate the impact of digitalization and environmental regulation on total factor productivity. Using panel data on Chinese manufacturing listed enterprises from 2008 to 2019, this study finds that digitalization and environmental regulation can significantly improve the total factor productivity. It also shows that digitalization improves the total factor productivity of manufacturing enterprises by reducing transaction costs, facilitating servitization, and stimulating innovation investment. In addition, environmental regulation can force manufacturing enterprises to transform and improve their total factor productivity. However, the interaction between environmental regulation and digitalization has a significant negative impact on total factor productivity, implying that the paths of clean transformation and digitalization transformation is not coordinated. Our findings have implications for enacting effective policies to help manufacturing enterprises achieve digital transformation and clean production.

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数字化与环境规制对全要素生产率的影响

清洁生产和数字化是新工业革命下全球制造业发展的主要方向。本研究以中国智慧城市建设引发的数字化技术在企业中的应用为基础，采用差分法考察数字化与环境规制对全要素生产率的影响。利用2008 - 2019年中国制造业上市企业的面板数据，研究发现数字化和环境规制对全要素生产率有显著的提升作用。研究还表明，数字化通过降低交易成本、促进服务化和刺激创新投资，提高了制造业企业的全要素生产率。此外，环境规制可以迫使制造企业转型，提高全要素生产率。但环境规制与数字化的交互作用对全要素生产率有显著的负向影响，表明清洁转型与数字化转型的路径并不协调。研究结果对制定有效的政策帮助制造业企业实现数字化转型和清洁生产具有重要意义。

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来源期刊

Information Economics and Policy ECONOMICS-

CiteScore

5.00

自引率

10.70%

发文量

期刊介绍： IEP is an international journal that aims to publish peer-reviewed policy-oriented research about the production, distribution and use of information, including these subjects: the economics of the telecommunications, mass media, and other information industries, the economics of innovation and intellectual property, the role of information in economic development, and the role of information and information technology in the functioning of markets. The purpose of the journal is to provide an interdisciplinary and international forum for theoretical and empirical research that addresses the needs of other researchers, government, and professionals who are involved in the policy-making process. IEP publishes research papers, short contributions, and surveys.