Empowerment Mechanism of Data Elements and Improvement of Total Factor Productivity of Enterprises:Evidence from the National Big Data Comprehensive Pilot Zone
The introduction of data elements into the production function will generate significant productivity effects,but whether and how data elements can affect enterprise total factor productivity still requires further research.Using a quasi natural experiment established in the national big data comprehensive pilot zone,this study uses data from Chinese A-share manufacturing listed companies from 2010 to 2022 and a difference in differences model to reveal the impact mechanism of data elements on enterprise total factor productivity.Research has found that data elements can significantly improve enterprise total factor productivity.In terms of mechanism,data elements mainly promote the improvement of enterprise total factor productivity through innovation empowerment,operational empowerment,and investment empowerment Heterogeneity analysis found that the effect of data elements on improving enterprise total factor productivity is more significant in regions with high data openness,rich data application scenarios,sound data rule of law construction,and strong data security guarantees.
data elementsempowerment mechanismenterprise total factor productivitynational big data comprehensive pilot zone
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