The Impact of Institutional Opening up on the Quality of Export Products of the Enterprises:Empirical Evidence from Text Analysis
By introducing the factor of institutional opening up into the heterogeneous enterprise theory model,this paper analyzes the impact of institutional opening up on the quality of export products of the enterprises from the theoretical perspective.With the institutional innovation logic of pilot free trade zones,the paper measures the institutional opening up index at the regional level and empirically tests the impact of institutional opening up on the quality of export products of the enterprises.The research shows that institutional opening up significantly improves the quality of export products of the enterprises and this conclusion is still valid after addressing the endogenous problem and conducting a series of robustness tests;mechanism analysis indicates that institutional opening up achieves the upgrading of product quality mainly through productivity effect and intermediate cost effect.Heterogeneity analysis reveals that compared with the enterprises in the western region,state-owned enterprises and processing trade enterprises,institutional opening up can better improve the quality of export products of the enterprises in the eastern and central regions,non-state-owned enterprises and general trade enterprises.In the five dimensions of institutional opening up,government function transformation,trade regulation and investment facilitation can better improve the quality of export products.Further analysis shows that the promotion effect of institutional opening up on the quality of core export products of the enterprises is greater than that on the quality of non-core export products.
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万方数据
