Whether"Intelligent Manufacturing in China"Can Enable Employment in the Context of"Industry 4.0"
In the context of"Industry 4.0",clarifying the impact of"Intelligent Manufacturing in China"on employment can help alleviate the impact of"machine replacement"and thereby stabilize employment.This paper takes the concept of"Industry 4.0"as a quasi-natural experiment and uses the difference-in-differences(DID)method to examine whether"IntelligentManufacturing in China"can enable employment.We use the data of A-share listed Chinese companies from 2007 to 2021,and the results show that"Intelligent Manufacturing in China"has significantly increased employment rates;these remain significant after a series of robustness tests.Heterogeneity analysis finds that the employment effect of"Intelligent Manufacturing in China"is more prominent in urban agglomerations with moderately sized populations and high marketization;in small enterprises with low positions in the market;and in businesses with a large,highly skilled work force being paid high salaries.Mechanism analysis shows that"Intelligent Manufacturing in China"can affect employment by expanding production and alleviating financing constraints.Further analysis reveals that it can increase profits,reduce risks,improve productivity and,to some extent,improve business performance.The research conclusion provides valuable references for businesses looking to achieve stable employment and promote growth.
Industry 4.0Intelligent Manufacturing in ChinalaboremploymentA-share listed companiesdifference-in-differences method
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