The core sign of new quality productivity is the sharp increase in total factor productivity(TFP).Based on the data of China's A-share manufacturing enterprises,the pa-per identifies the TFP systemic shocks at the macro and industry levels,and evaluates the structural stickiness of the manufactur-ing industry to TFP shocks by using information entropy and in-dustry correlation degree through counterfactual structural simu-lation,as an indicator of the industry's new quality productivi-ty.We find that computer communication electronic equipment manufacturing,special equipment and general equipment manu-facturing have strong new quality productivity.The new quality productivity of electrical machinery manufacturing industry and ferrous metal processing industry show structural differentiation that the lower tail enterprises are not sensitive to TFP shocks.Non-ferrous and non-metallic industries with weak new quali-ty productivity need strong exogenous incentives.In addition,there is a strong positive correlation between information entropy and industry correlation,indicating that the high-tech produc-tivity industry has a radiating role.The conclusion provides a general method for evaluating the new quality productivity of in-dustries,and also provides a basis for implementing differentia-ted industry incentive policies.
manufacturing industrynew quality pro-ductivity of industryTFP systemic shocksstructural sticki-nessinformation entropy
NETL
NSTL
万方数据
