Effects of Economic Policy Uncertainty on Manufacturing Structural Upgrading: Evidence from China

Hu, Ruicheng; Yan, Yanyang

doi:10.1155/2021/7364528

Cited by 6 publications

(3 citation statements)

References 40 publications

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“…We adopted a holistic approach and examined the complete innovation process, aiming to analyze the mechanisms by which firms' resource endowments contribute to their transformation and upgrading through three distinct channels of technological innovation: innovation input, innovation modes, and innovation output. This study not only enriches the theoretical research on the intrinsic influence mechanisms of technological innovation [99,100], but also complements the existing transformation and upgrading paths [101,102], which assist in establishing a "fast track" to transformation.…”

Section: Theoretical Implicationsmentioning

confidence: 61%

The Effect of Corporate Resource Abundance on the Transformation and Upgrading of Manufacturing Enterprises from the Perspective of Whole Process Innovation

Tang

et al. 2023

Sustainability

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Exploiting a comparative advantage through resource endowment is a way to promote the transformation and upgrading of enterprises and high-quality economic development. Based on resource-based theory, this paper takes the listed companies of China’s manufacturing industry as a sample and classifies them into leading, potential, catching-up, and exiting enterprises according to the abundance of financial and human resources. In terms of the research perspective, this paper adopts resource abundance as the starting point to explore its impact on enterprise transformation and upgrading and incorporates technological innovation into the framework to investigate its transmission mechanism. The results indicate that the resource abundance of enterprises directly promotes the transformation and upgrading of enterprises. Notably, the mechanism identification test suggests the following. (1) From the perspective of innovation investment, innovation investment intensity is an important channel for manufacturing companies to transform and upgrade. (2) From the perspective of innovation direction, higher levels of resources allow leading enterprises to accelerate transformation and upgrading through product and process innovation. In contrast, catching-up enterprises tend to foster product innovation rather than process innovation to transform and update, while potential enterprises are likely to foster process innovation to transform and update rather than product innovation. On the other hand, the path of transformation and upgrading through product or process innovation is obstructed for the exiting enterprises. (3) From the perspective of innovation output, all but the exiting enterprises can be transformed and upgraded by increasing their innovation output. Overall, considering the impact of corporate innovation behavior, this research offers new insights into the relationship between resource abundance and transformation and upgrading, and it provides inspiration for promoting transformation and upgrading in Chinese manufacturing enterprises.

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Section: Theoretical Implicationsmentioning

confidence: 61%

The Effect of Corporate Resource Abundance on the Transformation and Upgrading of Manufacturing Enterprises from the Perspective of Whole Process Innovation

Tang

et al. 2023

Sustainability

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“…Prior to examining the influence of economic policy uncertainty on the efficiency of the green economy, it is imperative to elucidate the definition and techniques used to quantify green economy efficiency. The concept of green economy efficiency refers to the capacity to attain economic growth while limiting the negative impact on the environment [19] . The primary objective is to attain the sustainable utilization of resources, foster the growth of the environmental protection sector, and finally realize a mutually beneficial outcome for both the economy and the environment.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Furthermore, certain research have specifically examined the influence of geographical spillover effects on the attainment of sustainable development goals. Kwilinski et al (2023) [60] discovered that policy uncertainty in a specific area can impact the progress of sustainable development by influencing economic relationships both inside and beyond the region. This implies that the ambiguity surrounding economic policies not only impacts the environmental effectiveness of the local region, but can also have indirect consequences on the broader objectives of sustainable development.…”

Section: Research Hypothesesmentioning

confidence: 99%

Economic Policy Uncertainty’s Spatial Spillover Impacts on Green Economy Efficiency

Wang,

Cao,

2024

Preprint

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Green economy has emerged as a significant pillar of sustainable development in the current global context, and the unpredictability of economic policy has progressively garnered the interest of businesses and government officials as one of the obstacles they must confront. This paper examines how uncertainty in the green economy impacts the green economy's efficacy. The research concentrates on how changes in a particular region can result in geospatial diffusion (spatial spillover), which is a form of spatial spillover wherein the uncertainty of the green economy can impact its efficacy. This paper examines the policy formulation and current state of the green economy across various regions, as well as the diffusion of economic policy uncertainty across geographical areas and the subsequent impact on the green economy's status quo. There is a negative correlation between economic policy uncertainty and green economy efficacy, according to research. There is a spatial spillover effect between economic policy uncertainty and the efficacy of the green economy. Regional variations exist in the impact of economic policy uncertainty on the efficacy of the green economy. The findings indicate that the implementation of AI has a more substantial beneficial effect on carbon emissions. An increase in carbon dioxide emissions poses a growing challenge for the industrial sector in its pursuit of carbon neutrality.

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Economic Shocks in Greece and the Effects on the Gross Value Added Per Economic Sector

Kafka

2023

The Political Economy of Greek Growth Up to 2030

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Effects of Economic Policy Uncertainty on Manufacturing Structural Upgrading: Evidence from China

Cited by 6 publications

References 40 publications

The Effect of Corporate Resource Abundance on the Transformation and Upgrading of Manufacturing Enterprises from the Perspective of Whole Process Innovation

The Effect of Corporate Resource Abundance on the Transformation and Upgrading of Manufacturing Enterprises from the Perspective of Whole Process Innovation

Economic Policy Uncertainty’s Spatial Spillover Impacts on Green Economy Efficiency<strong><b> </b></strong><strong> </strong>

Economic Shocks in Greece and the Effects on the Gross Value Added Per Economic Sector

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