{"title":"质量创新、成本创新、出口与企业生产率演化:来自中国电子工业的证据","authors":"Mengxiao Liu , Luhang Wang , Yimin Yi","doi":"10.1016/j.jebo.2025.107232","DOIUrl":null,"url":null,"abstract":"<div><div>This study analyzes the role of innovation in firm productivity evolution, distinguishing between quality-improving and cost-reducing innovations. Using a dynamic structural model estimated with data from the Chinese electronics industry, we find that quality innovation, while more costly, boosts domestic revenue, whereas cost innovation better supports export performance. Our counterfactual analysis shows that firms are most responsive to fixed-cost subsidies for cost innovation and exporting. However, when a fixed-budget constraint is introduced, the effectiveness of the quality innovation subsidy catches up with the other two. We also find that small and inexperienced firms tend to respond by exporting, while large and experienced firms are more likely to respond by innovating.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"239 ","pages":"Article 107232"},"PeriodicalIF":2.3000,"publicationDate":"2025-10-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Quality innovation, cost innovation, exporting, and firm productivity evolution: Evidence from the Chinese electronics industry\",\"authors\":\"Mengxiao Liu , Luhang Wang , Yimin Yi\",\"doi\":\"10.1016/j.jebo.2025.107232\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><div>This study analyzes the role of innovation in firm productivity evolution, distinguishing between quality-improving and cost-reducing innovations. Using a dynamic structural model estimated with data from the Chinese electronics industry, we find that quality innovation, while more costly, boosts domestic revenue, whereas cost innovation better supports export performance. Our counterfactual analysis shows that firms are most responsive to fixed-cost subsidies for cost innovation and exporting. However, when a fixed-budget constraint is introduced, the effectiveness of the quality innovation subsidy catches up with the other two. We also find that small and inexperienced firms tend to respond by exporting, while large and experienced firms are more likely to respond by innovating.</div></div>\",\"PeriodicalId\":48409,\"journal\":{\"name\":\"Journal of Economic Behavior & Organization\",\"volume\":\"239 \",\"pages\":\"Article 107232\"},\"PeriodicalIF\":2.3000,\"publicationDate\":\"2025-10-09\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Journal of Economic Behavior & Organization\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S0167268125003518\",\"RegionNum\":3,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q2\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Economic Behavior & Organization","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0167268125003518","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
Quality innovation, cost innovation, exporting, and firm productivity evolution: Evidence from the Chinese electronics industry
This study analyzes the role of innovation in firm productivity evolution, distinguishing between quality-improving and cost-reducing innovations. Using a dynamic structural model estimated with data from the Chinese electronics industry, we find that quality innovation, while more costly, boosts domestic revenue, whereas cost innovation better supports export performance. Our counterfactual analysis shows that firms are most responsive to fixed-cost subsidies for cost innovation and exporting. However, when a fixed-budget constraint is introduced, the effectiveness of the quality innovation subsidy catches up with the other two. We also find that small and inexperienced firms tend to respond by exporting, while large and experienced firms are more likely to respond by innovating.
期刊介绍:
The Journal of Economic Behavior and Organization is devoted to theoretical and empirical research concerning economic decision, organization and behavior and to economic change in all its aspects. Its specific purposes are to foster an improved understanding of how human cognitive, computational and informational characteristics influence the working of economic organizations and market economies and how an economy structural features lead to various types of micro and macro behavior, to changing patterns of development and to institutional evolution. Research with these purposes that explore the interrelations of economics with other disciplines such as biology, psychology, law, anthropology, sociology and mathematics is particularly welcome.