The influence and path identification of the national unified large market on the resilience of manufacturing industry
Market mechanism is the core tool of resource allocation and plays a key role in industrial economic activities.The construction of a national unified large market not only helps to strengthen the market foundation of manufacturing development,but also provides a new analytical framework for the study of manufacturing resilience.Based on the panel data of 30 provinces in China from 2008 to 2020(excluding Tibet,Hong Kong,Macao and Taiwan),this study empirically examines the impact of commodity,labor and capital factor market integration on manufacturing resilience,as well as the mediating effect of innovation and entrepreneurship and factor mismatch.The results show that,overall,market integration has significantly increased the resilience of manufacturing.However,from a regional perspective,the south fared better than the north.The detailed market analysis shows that the integration of commodity market,labor market and capital market has enhanced the resilience of the manufacturing industry to varying degrees,and the influence degree is from high to low in the capital market,labor market and commodity market.Market integration can enhance the resilience of manufacturing by correcting the mismatch between labor and capital factors and enhancing the perspective of innovation and entrepreneurship.In addition,the threshold effect test found that the promotion of market integration on the resilience of the manufacturing industry showed a diminishing marginal effect.
manufacturing resilienceNational unified large marketMarket integrationInfluence mechanismSystem GMM
万方数据
维普
