国际营商环境与企业全要素生产率

International Doing Business Environment and Corporate Upgrading

良好的营商环境有助于改善企业投资效率、增强企业创新能力、促进企业多元化经营,进一步促进企业高质量发展从而提升其全要素生产率。分别考察了营商硬环境和营商软环境对企业TFP影响的异同并进行异质性分析,表明营商环境对中高收入国家企业、大型企业以及非高新技术企业的全要素生产率具有更大的边际影响。因此构建市场化、法治化、国际化的营商环境,不断优化营商环境水平是实现要素优化配置、激发企业与市场活力、促进企业升级及经济高质量发展的关键路径。

A good business environment can help improve the efficiency of enterprises'investment,enhance their innovation ability,promote their diversification,and promote their high-quality development and thus enhance their total factor productivity.In this study,we examined respectively the similarities and differences of enterprise TFP influence of both the hard and soft doing business environment.By further heterogeneity analysis in this study,we find that the business environment has a greater marginal impact on the total factor productivity of enterprises in middle and high-income countries,large enterprises or non-high-tech enterprises.Therefore,building a market-oriented,law-based and internationalized doing business environments is a key path to achieve optimal factor allocation,stimulate enterprise and market dynamics,and promote enterprise upgrading and high-quality economic development.