Institutional Innovation,Business Environment and International Trade in Technology—Evidence from the Establishment of Pilot Free Trade Zones
Based on international patent transfer data from Chinese cities between 2009 and 2019,this paper employed a multi-period difference-in-differences model to ex-amine the effects of institutional innovation in FTZs on international technology trade.The results indicate that the establishment of FTZs significantly promotes international technolo-gy trade;Further mechanism tests show that FTZs facilitate international technology trade by improving financial systems and government efficiency;The positive impact of FTZ es-tablishment is more pronounced in cities in the central and western regions and in provin-cial capital cities;Additionally,the establishment of FTZs has spillover effects on interna-tional technology transfer,as neighboring cities can enhance their international technology trade through institutional innovation via learning effects.The conclusions of this study con-tribute to the integration of institutional innovation and international technology trade and provide a decision-making basis for further advancing the implementation of FTZs.
万方数据
