The Influence of the Belt and Road Initiative on the Innovation Efficiency of Chinese Enterprises
ZHAO Tian①② CAO Shouxin③
(① Shandong University of Science and Technology; ② Shandong Digital Economy Research Base; ③ The Journal of Shandong Social Sciences)
Abstract:
The the Belt and Road Initiative has promoted the trade and investment cooperation between China route, and countries along the and provided more international opportunities and challenges for Chinese enterprises efficiency. - experiment, to improve their innovation The papertakes the Belt and Road Initiative as a quasi natural and measures the innovation efficiency of Chinese listed companies from 2011 to 2021 based on the three - stage model,
DEA and then uses DID method to test the dynamic impact of Belt and Road Initiative on China s innovation efficiency. that: (1) The results show The Belt and Road Initiative has played a positive role in improving the line. initiative, innovation efficiency of enterprises along the With the continuous advancement of the this dynamic trend. (2) impact shows a fluctuating upward The heterogeneity analysis shows that the impact of the Belt and Road different. on the innovation efficiency of different enterprises is quite The promotion effect is mainly reflected in the regions, state-owned improvement of innovation efficiency of the enterprises located in national strategic and manufacturing enterprises, Road, and the improvement of innovation efficiency of enterprises along the Maritime Silk non-state-owned effect. (3) mechanism, and service industries has not achieved the expected In terms of the Belt and Road Initiative mainly expands the stock of domestic and foreign R&D capital stock through internal absorption network, capacity and external collaboration thus promoting the improvement of domestic innovation efficiency. Finally, some suggestions are put forward from the perspectives of balancing regional economic development, stock. deepening the construction of the Belt and Road Initiative and expanding the R&D capital
Keywords: Initiative; efficiency; capacity; the Belt and Road innovation absorptive collaboration network
Classification: D22, H21, O31
JEL (责任编辑: 李秀婷)