The Impact of the Belt and Road Initiative on Enterprise Labor Productivity
DOI:
https://doi.org/10.62051/ijgem.v8n3.25Keywords:
The Belt and Road Initiative, Total factor productivity, Tchnological innovation, Human capital structureAbstract
The Belt and Road Initiative has brought new opportunities for high-quality development to enterprises over its decade-long implementation. Using a difference-in-differences approach, this study examines the impact of the Belt and Road Initiative on total factor productivity among enterprises listed on the Shanghai and Shenzhen A-share markets from 2007 to 2022. The findings reveal a significant improvement in total factor productivity for enterprises influenced by the initiative. Further analysis indicates that the initiative enhances corporate innovation and optimizes human capital structures, thereby boosting total factor productivity. Heterogeneity studies show this effect is more pronounced in non-state-owned enterprises, large-scale firms, and regions with higher exposure levels. The research provides theoretical support and recommendations for the strategic deployment of the Belt and Road Initiative.
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