High-tech Product Demand and Export Stability of Firms
Enhancing the stability of firm exports is a key issue in constructing a new development pattern and ensuring the security of industrial supply chains.Based on the background of changes in China's export structure,this paper analyzes the mechanisms and pathways through which demand for high-tech products affects the stability of export relationships for Chinese firms from the demand side.Using matched data from Chinese industrial firms and customs records from 2000 to 2015,and applying the"shift-share"method to construct demand indicators for high-tech and low-tech products,the empirical analysis reveals that the expansion of demand for high-tech products significantly improves export stability for firms when compared with low-tech products.Mechanism analysis shows that the expansion of high-tech product demand better promotes firm growth,stimu-lates innovation and technological upgrading,and ultimately enhances firms'ability to sta-bilize foreign trade.Further investigation also finds that firms'exploratory behavior towards non-core destinations and non-core products is a key factor leading to export disruptions,and leveraging the innovation and technological advantages of high-tech products can sig-nificantly reduce the export vulnerability caused by such exploratory behavior.The find-ings offer policy implications for China to leverage its high-tech product advantages and strengthen the foundation of foreign trade.
High-tech Product DemandExport Relationship StabilityEconomies of ScaleInnovation Effect
NETL
NSTL
万方数据
