International Doing Business Environment and Corporate Upgrading
A good business environment can help improve the efficiency of enterprises'investment,enhance their innovation ability,promote their diversification,and promote their high-quality development and thus enhance their total factor productivity.In this study,we examined respectively the similarities and differences of enterprise TFP influence of both the hard and soft doing business environment.By further heterogeneity analysis in this study,we find that the business environment has a greater mar-ginal impact on the total factor productivity of enterprises in middle and high-income countries,large enterprises or non-high-tech enterprises.Therefore,building a market-oriented,law-based and internationalized doing business environments is a key path to achieve optimal factor allocation,stimulate enterprise and market dynamics,and promote enterprise upgrading and high-quality economic development.
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万方数据
