|Table of Contents|

Study on the impact of trade policy uncertainty on enterprises' export upgrading——from the perspective of export technological sophistication(PDF)

《长安大学学报（社科版）》[ISSN:1671-6248/CN:61-1391/C]

Issue:
2023年02期
Page:
53-74
Research Field:
国际经济与贸易
Publishing date:

Info

Title:
Study on the impact of trade policy uncertainty on enterprises' export upgrading——from the perspective of export technological sophistication
Author(s):
LI Xiao1;  KANG Meiling2
(1. School of Business, Nanjing University, Nanjing 210008, Jiangsu, China; 2. School of Economics and Management, Wuhan University, Wuhan 430064, Hubei, China)
Keywords:
trade policy uncertainty;  tariff;  export product;  technological sophistication;  difference in difference;  process trade;  digitization
PACS:
F745.0
DOI:
-
Abstract:
The downside risks of the world economy and trade protectionism have increased the uncertainty of trade policies faced by export enterprises. In order to explore the impact of trade policy uncertainty on enterprises' technology upgrading, from the perspective of export technological sophistication and based on the relevant data in the China Customs Trade Database and the Chinese Industrial Enterprise Database in 2000—2007, this paper uses the natural impact of China's entry into the World Trade Organization and its permanent normal trade partnership status with the United States, studies the impact of the decline in trade policy uncertainty on the export technological sophistication of enterprises through the difference-in-difference empirical model, and examines the effectiveness of the difference-in-difference model. Then, this paper explores the specific impact mechanism of the decline in trade policy uncertainty on the export technological sophistication of enterprises, and conducts heterogeneity analysis categorized according to trade mode, enterprise type and enterprise export behavior. The research shows that the decline in trade policy uncertainty has played a role in promoting the export technological sophistication of enterprises. This promotion effect takes place directly and indirectly through expanding the enterprises' export scale and enhancing the enterprises' innovation capabilities, and is more prominent in process trade enterprises than general trade enterprises. Its performance in private enterprises, foreign-funded enterprises and surviving enterprises is also remarkable. In order to strive for a stable and favorable external environment, the government needs to make long-term strategic deployment and development planning, and accelerate the establishment of a multilateral trading system between China and other countries. Enterprises need to focus on breakthroughs in key technologies, speed up digital transformation, and build a global value chain in which they play a central role.

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Last Update: 2023-05-20