The Impact of U.S.Technology Blockade on the Innovation of Intermediates in China's Manufacturing:Obstacle or Catalyst
Amidst the backdrop of Sino-US technological decoupling,where American technology blockades have intensified,Chinese manufactur-ing faces a new situation marked by complex interplay between driving forces and resistances.By elucidating the evolutionary nexus between technology blockades and intermediate goods innovation,this paper utilizes the latest World Input-Output Database published by the OECD as the primary data source and establishes a causal link between the two through quasi-natural experiments.The results indicate that American technology blockades not only fail to alter the trend of intermediate goods innovation in Chinese manufacturing but also significantly promote the enhancement of its intermediate goods innovation level.The extent of the promotional effect of technology blockades on intermediate goods innovation varies across the heterogeneity of manufacturing sectors.Specifically,sectors that are low and medium-technology,labor-intensive,computationally and network-intensive,and high-profit are more likely to perceive significant innovation incentives from such blockades..Af-ter further incorporating demand characteristics into the research framework,it is found that in manufacturing sectors with larger domestic de-mand scales and stronger forward linkages with local industries,the innovation-promoting effect of technology blockades becomes even more prominent.This research contributes to unveiling the resilience of Chinese manufacturing's intermediate goods innovation under adverse shocks,thereby enhancing the confidence of various stakeholders in addressing geopolitical risks.It also provides empirical insights for gov-ernments to convert crises into opportunities by offering industrial policies that cater to the specific needs of technological breakthroughs.
万方数据
维普
