首页|粤港澳大湾区规划能否提高企业全要素生产率?——来自中国制造业上市公司的证据

粤港澳大湾区规划能否提高企业全要素生产率?——来自中国制造业上市公司的证据

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近年来,通过城市群规划重构区域发展格局,释放企业发展新动能,已成为国内外驱动经济增长的重要引擎.文章基于2015-2021年中国制造业上市公司数据,以粤港澳大湾区规划作为准自然实验,使用双重差分法考察大湾区城市群规划对企业全要素生产率(TFP)的影响.研究发现:(1)大湾区规划显著提高了区域内企业全要素生产率,在进行了一系列稳健性检验后,结论依然成立.(2)相比之下,大湾区规划更大程度提升了外资及其他企业、中心城市企业和传统制造企业的全要素生产率.(3)从机制分析来看,大湾区规划主要通过缓解融资约束和提高人力资本集聚来促进企业提高全要素生产率.文章丰富了区域政策效应的研究,为制定区域发展战略和促进企业全要素生产率提供参考.
Do the Guangdong-Hong Kong-Macao Greater Bay Area Plan Improve Total Factor Productivity of Enterprises?——Evidence from Listed Chinese Manufacturing Companies
In recent years,urban agglomeration planning has restructured the regional development pattern and unleashed new growth drivers for enterprises,which has become an important engine driving economic growth at home and abroad.The Greater Bay Area City Group is one of the most open and economically active areas in China.Based on the data of China's list-ed manufacturing companies from 2015 to 2021,this paper takes the Guangdong-Hong Kong-Macao Greater Bay Area plan-ning as a quasi-natural experiment,and uses the DID Model to investigate the impact of urban agglomeration planning in the Guangdong-Hong Kong-Macao Greater Bay Area on the total factor productivity(TFP)of enterprises.The research shows as follows:(1)The Guangdong-Hong Kong-Macao Greater Bay Area plan significantly improves the TFP of enterprises in the region,and the conclusion still holds after a series of robustness tests such as parallel trend test,PSM-DID test and placebo test.(2)The Guangdong-Hong Kong-Macao Greater Bay Area plan has enhanced the TFP of foreign and other enterprises,enterprises in central cities and traditional manufacturing enterprises to a greater extent.(3)From the perspective of mecha-nism analysis,the Guangdong-Hong Kong-Macao Greater Bay Area plan mainly promotes TFP improvement by alleviating fi-nancing constraints and improving human capital agglomeration.This paper enriches the research on the effects of regional policies and provides references for formulating regional development strategies and promoting TFP of enterprises.

Regional PolicyGuangdong-Hong Kong-Macao Greater Bay AreaTotal Factor ProductivityDID Model

邓宏、尹斯斯、马如飞

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澳门科技大学商学院

成都理工大学商学院

区域政策 粤港澳大湾区 全要素生产率 双重差分法

国家自然科学基金青年项目

72303187

2024

南方经济
广东经济学会 广东省社会科学院

南方经济

CSSCICHSSCD北大核心
影响因子:0.925
ISSN:1000-6249
年,卷(期):2024.(3)
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