摘要
中国全面建成小康社会后进入共同富裕的新发展阶段,居民消费结构升级是必然趋势。本文基于2014—2020年中国上市企业的面板数据,分析消费结构升级对企业全要素生产率影响的微观机制。研究结果发现:居民消费结构升级对促进企业全要素生产率提升具有显著的正向作用,消费结构升级通过供给端和需求端两侧分别对企业的创新活动和创新要素产生影响,进而影响企业全要素生产率。进一步研究发现,在经济结构服务化下,消费结构升级对企业全要素生产率提升的正向作用是“边际效应减弱”的;消费结构升级对企业全要素生产率提升的促进作用在行业与企业两个层面具有异质性。为此,应将供给和需求两侧协调配合,一方面采取措施恢复、稳定和扩大内需;另一方面支持企业进行创新投入,参与创新活动,培育企业的创新能力。
After building a moderately prosperous society in all respects,China has entered a new development stage of common prosperity,in which the upgrading of consumption structure is an inevitable trend.Based on the panel data of China′s listed enterprises from 2014 to 2020,this paper analyzes the micro-mechanism of the impact of the upgrading consumption structure on the total factor productivity(TFP)of enterprises.The research results show that the household upgrading consumption structure has a significant positive effect on promoting the improvement of TFP of enterprises.The upgrading of consumption structure has an impact on the innovation activities and innovation factors of enterprises through the supply side and the demand side respectively,and then affects the TFP of enterprises.Further research finds that the positive effect of upgrading consumption structure on the improvement of TFP of enterprises is"weakened marginal effect"under the service-oriented economic structure.The promotion effect of the upgrading consumption structure on the improvement of TFP of enterprises is heterogeneous in industry and firm levels.Thus,the supply and demand sides should coordinate and cooperate.On the one hand,measures should be taken to restore,stabilize and expand domestic demand,while on the other hand,enterprises should be supported to make innovative inputs,participate in innovative activities and nurture their innovative capacity.
作者
王钰
殷诗絮
Wang Yu;Yin Shi-xu
出处
《经济学家》
CSSCI
北大核心
2024年第2期101-110,共10页
Economist
基金
国家社会科学基金重大项目“基于中国实践的经济增长理论创新研究”(22&ZD053)。
关键词
消费结构升级
企业创新
企业全要素生产率
结构转型
Upgrade of Consumption Structure
Enterprises Innovation
TFP of Enterprises
Structure Transformation
