全球化对全要素生产率的影响——基于108个国家跨国面板数据的实证分析

The Impact of Globalization on Total Factor Productivity ——Empirical Analysis Based on Cross-border Panel Data of 108 Countries

借助2003—2016年全球108个国家跨国面板数据,在测度全要素生产率的基础上,运用双向固定效应模型对全球化与全要素生产率之间的关系进行实证分析。基准回归、内生性讨论、稳健性检验等回归结果均表明,全球化对全要素生产率的影响呈现“U”型变动。异质性分析发现,当全球化水平上升到一定程度后,一个国家的人均收入水平越高,全球化指数对全要素生产率的促进作用越大。因此,在中美贸易摩擦等新的历史背景下,进一步提升全球化水平对于提升我国全要素生产率、推动我国经济长期稳定增长和高质量发展有重要作用。

Based on the measurement of TFP,this paper uses the cross-border panel data of 108 countries in the world from 2003 to 2016,and analyzes the relationship between globalization and TFP by using two-way fixed effect model.The regression results of benchmark regression,endogenous discussion and robustness test show that the impact of globalization on total factor productivity is U-shaped.Heterogeneity analysis show that when the level of globalization rises to a certain extent,the higher the per capita income level of a country,the greater the role of globalization index in promoting TFP.Therefore,under the new historical background of China-US trade friction,further enhancing China's globalization level plays an important role in enhancing China's total factor productivity,promoting China's long-term stable economic growth and high-quality development.