The Construction of Data Element Market Enables Digital New Quality Productivity——Based on the Perspective of"Quantity"and"Quality"Improvement of Enterprise Digital Technology Innovation
Digital new quality productivity is productivity driven by digital technology innovation.Creating a high-stand-ard data factor market system and promoting the market-oriented allocation of data factors can provide rich application scenarios and innovative ideas for digital technology innovation activities,so as to promote the formation of digital new quality productivity.Based on the panel data of A-share listed companies in Shanghai and Shenzhen from 2008 to 2022,we utilize the quasi-experimental scenario of setting up a data factor trading platform to empirically test how the construc-tion of the data factor market affects the"quantity"and"quality"of enterprises'digital technological innovation.The study finds that the construction of data factor market can promote the number of digital patent applications and the num-ber of citations of digital patents by enterprises.The mechanism test proves that the construction of data factor market promotes enterprises'digital technology innovation through the mechanism of promoting enterprises'data factor applica-tion,reducing enterprises'transaction costs and correcting the distortion of traditional factor allocation.Heterogeneity a-nalysis finds that the policy effect is more obvious in regions with higher levels of public data openness,stronger intellec-tual property protection and better social credit environment,as well as in industries with faster technological iteration and stronger leading role of head enterprises.The analysis of economic consequences also found that the construction of data factor markets can significantly improve the business performance of enterprises on the basis of promoting digital technology innovation activities,thus helping enterprises to shape their competitive advantages in the future.
data factor market constructiondigital technology innovationdigital new quality productivity
NETL
NSTL
万方数据
