Digital Economy,Factor Market Distortion Alleviation and Enterprise Total Factor Productivity
Again at the lack of driving force of the improvement of enterprise total factor productivity under the background of factor market distortion,this paper constructs a digital economy indicator system at the provincial level,and takes the data of China's A-share listed companies from 2011 to 2022,and uses the mediating effect model to investigate the effectiveness of resource allocation effect of digital economy in alleviating factor market distortion and promoting total factor productivity of enterprises.The results show that under the background of factor market distortion,the resource allocation effect of digital economy can improve the total factor productivity of enterprises.The digital economy mainly promotes total factor productivity of enterprises by alleviating the factor market distortion of finance,talent and technology.Further research finds that in the samples of state-owned enterprises,technology-intensive enterprises and large enterprises,the digital economy has a stronger promoting effect on the total factor productivity of enterprises.Therefore,the digital infrastructure should be improved to provide guarantee for the high-quality development of enterprises.We Should pay attention to the development of factor markets,and promote the full flow,reorganization and reconstruction of various factors,flexibly create organizational scenario system according to the high-quality development needs of enterprises.
digital economyfactor market distortiontotal factor productivity