“一带一路”倡议促进中国制造业企业高质量发展实证研究

An Empirical Research on the High-Quality Development of Chinese Manufacturing Enterprises Promoted by the Belt and Road Initiative

文章基于中国A股制造业上市公司2008-2022年的面板数据,构建了符合高质量发展内涵的企业高质量发展水平评价体系,利用双重差分模型检验了“一带一路”倡议对我国制造业企业高质量发展的影响。研究发现,“一带一路”倡议总体上显著促进了我国制造业企业的高质量发展,该研究结果在经过倾向性得分匹配、排除其他同期的政策影响之后仍然稳健。机制分析表明,“一带一路”倡议分别通过供应链整合效应、融资约束缓解效应和压力式创新效应提升了我国制造业企业的高质量发展水平。异质性分析表明,“一带一路”倡议对我国制造业企业高质量发展的促进作用在国有企业、中西部地区企业和产能利用率较高的企业中更为显著。

This study,based on the panel data of A‑share listed manufacturing enterprises from 2008 to 2022,constructs an evaluation system to meet their high‑quality development level that is more in line with its connotation.The impact of the Belt and Road Initiative on the high‑quality development of China's manufacturing enterprises is examined by applying the difference‑in‑difference method.It is found that the initiative significantly promotes our high‑quality development in the sectors in general,which remains robust after matching the propensity scores and excluding other policies effects in the same period.Mechanism analysis shows that the initiative elevates the high‑quality development to new heights through the supply chain integration effect,the financing constraint alleviation effect,and the pressure innovation effect,respectively.Heterogeneity analysis reveals that the initiative contributes more to the state‑owned enterprises,enterprises in the central and western regions,and enterprises with higher capacity utilization rates in terms of high-quality development.