China Industrial Economics. 2019, (08) Core

Internet Development and Productivity Growth in Manufacturing Industry:Internal Mechanism and China ExperiencesChinese Full Text

HUANG Qun-hui;YU Yong-ze;ZHANG Song-lin;Institute of Economics CASS;Finance and Economics of Nanjing University;Business School of Shaoxing University;

Abstract: This paper focuses on the practical problem of the impact of internet development on the efficiency of manufacturing industry. Through the analysis of the hyper marginal and general equilibrium, the study establishes a theoretical model of internet development that influences the efficiency of manufacturing, and reveals the internal mechanism of the development of the internet to enhance manufacturing efficiency.And this paper selectes the historical data as a tool variable, on the basis of overcoming the endogeneity, the impact strength and internal mechanism of the development of the internet on the efficiency of the manufacturing industry are fully examined from the three dimensions of the city, industry and enterprise. The research shows: internet development has significantly promoted the overall productivity of the whole city and the manufacturing industry, and the impact on the overall productivity of the manufacturing industry is greater than the overall productivity of the city. Internet development has significantly improved the productivity of manufacturing enterprises. With an increase of 1% in urban internet development index, the productivity of manufacturing enterprises will increase by 0.3%. The results of internal mechanism test show that internet technology development improves manufacturing productivity through reducing transaction costs, reducing resource mismatch and promoting innovation. The above conclusions laid a theoretical and practical foundation for China’s implementation of the"Internet +" action plan, the construction of a network power and the strategy of manufacturing power.

Keywords：

internet; manufacturing productivity; transaction cost; resource mismatch;

DOI：
10.19581/j.cnki.ciejournal.2019.08.001
Series：
(J) Economics ＆ Management
Subject：
Theory of Industrial Economy; Information and Post Economy
Classification Code：
F424;F49

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Internet Development and Productivity Growth in Manufacturing Industry:Internal Mechanism and China ExperiencesChinese Full Text

HUANG Qun-hui;YU Yong-ze;ZHANG Song-lin;Institute of Economics CASS;Finance and Economics of Nanjing University;Business School of Shaoxing University;

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