Research on the Impact of Digital Transformation on Total Factor Productivity of Manufacturing Industry
The article selects data from A-share manufacturing companies listed in Shanghai and Shenzhen from 2013 to 2021 as samples,and uses a fixed effects model to empirically examine the relationship between digital transformation and total factor productivity.The research results show that digital transformation of manufacturing companies has a positive promoting effect on their total factor productivity improvement,and there is a significant mediating effect of R&D expenditure between digital transformation and total factor productivity improvement.It is suggested that the manufacturing industry should accelerate digital construction,increase research and development expenditures,and the government should introduce corresponding support policies.
Digital TransformationTotal Factor ProductivityR&D ExpensesGovernment Support
NETL
NSTL
万方数据
维普
