The Impact of Industrial Internet on the Total Factor Productivity of Manufacturing Enterprises
This paper uses panel data of China's manufacturing A-share listed companies from 2016 to 2020 to empiri-cally test the impact of the industrial Internet on the total factor productivity of manufacturing companies.Research finds that the industrial Internet has a significant effect on improving the total factor productivity of manufacturing companies.In terms of mechanism,the industrial Internet mainly improves the total factor productivity of manufacturing enterprises by improving labor productivity,reducing cost and expense ratios,and increasing R&D investment intensity;in terms of impact heterogeneity,this total factor productivity improvement effect is significant in the eastern and western regions but not significant in the central and northeastern regions,significant for technology-intensive enterprises but not significant for labor-intensive and capital-intensive enterprises,significant for mature enterprises but not significant for growth-stage enterprises,significant for private enterprises but not significant for state-owned enterprises.To this end,it is nec-essary to try to increase the penetration rate of the industrial Internet in manufacturing enterprises,and give full play to the enabling effect of the industrial Internet on the transformation and upgrading of the manufacturing industry.The pro-motion strategies of the industrial Internet should vary based on different scenarios.
industrial internetmanufacturing industrytotal factor productivitymechanism of action
NETL
NSTL
万方数据
