Industrial Internet and Total Factor Productivity of Manufacturing Enterprises
Against the complex backdrop of a new round of scientific and technological revolution and industrial change,and sluggish development of the real economy,the construction of the industrial Internet platform has become an important way for traditional manufacturing enterprises to change their development mode and promote the development of the digital economy and the real economy.In 2018,the General Office of the Ministry of Industry and Information Technology selected a number of industrial Internet development pilot demonstration projects to promote the development of the industrial Internet around the four directions of industrial Internet network,logo analysis,platform,and security.The construction of industrial Internet platforms cultivates new business forms and releases new momentum in a more flexible and efficient way,enabling economic development to achieve higher efficiency.Therefore,it is of great theoretical significance and practical value to explore how industrial Internet construction can improve the total factor productivity of manufacturing industry from the micro-level of enterprises.Industrial Internet is a new type of industrial ecology that deeply integrates new-generation information and communication technologies with the industrial economy.Through the comprehensive interconnection of people,machines and things,it builds a new type of industrial manufacturing system that interconnects all elements,the whole industrial chain and the whole value chain.It has characteristics such as collaborative sharing,comprehensive interconnection and cross-border integration.Based on the characteristics and attributes of industrial Internet,combined with the data of listed manufacturing companies in China from 2013 to 2022,this paper investigates the impact of Industrial Internet on the total factor productivity of manufacturing enterprises and its mechanism.It is found that the construction of industrial Internet in China significantly promotes the improvement of total factor productivity of manufacturing enterprises,and this result is still valid after a variety of robustness testing methods.Mechanism analysis found that industrial Internet can promote the improvement of total factor productivity of manufacturing enterprises through three channels:promoting resource integration,improving supply chain effect and accelerating digital transformation.Therefore,this paper puts forward the following policy suggestions to further promote the development of industrial Internet:First,accelerate the construction of industrial Internet pilot projects,and build an industrial Internet platform that is fully linked to the whole factor,the whole industrial chain and the whole value chain,so as to empower manufacturing enterprises to network,intelligent and digital transformation.Second,build a coordinated development system for industrial Internet platforms,and build an industrial Internet platform with full resources,full supply chain and full digital technology connection.Third,strengthen the research of key core technologies of the industrial Internet,and crack the technical problems of the construction of the industrial Internet.
industrial internettotal factor productivity of enterprisesresource integrationsupply chain efficiencydigital transformation