Nonlinear impact of market segmentation on the upgrading of Chinese manufacturing enterprises
Nonlinear impact of market segmentation on the upgrading of Chinese manufacturing enterprises
复制标题
市场细分对中国制造企业升级的非线性影响
DOI：
10.1108/cms-08-2021-0334
复制
发表时间：
2022-04
影响因子：
2.2
通讯作者：
Xiongfeng Pan
中科院分区：
文献类型：
--
作者：
Sai Yuan;Xiongfeng Pan
目的
此前的研究已经证实市场细分是中国宏观经济升级的重要桎梏，但对小微企业升级的系统分析还不够。本文旨在研究市场细分对小微企业升级的非线性影响。
设计/方法论/途径
采用价格法计算了中国的省级市场细分，包括商品、资本、劳动力和能源。基于2003-2019年小微企业数据，采用广义矩法检验市场细分对制造企业升级的非线性影响。
研究结果
首先，中国的异构市场细分明显减少。宏观经济和政策是市场一体化的关键因素。其次，中国市场总体细分与制造企业升级之间存在倒U型关系。第三，商品市场细分、劳动力市场细分、能源市场细分与制造业企业升级之间呈现倒U型关系。但资本市场细分与制造企业升级之间呈现U型关系。
原创性/价值
市场细分对我国制造企业升级的影响表现为非线性。大宗商品、劳动力、能源市场细分与制造业企业升级呈倒U型关系，资本市场细分与制造业企业升级呈U型关系。
Purpose
Prior studies have confirmed market segmentation as an important shackle to China's macroeconomy upgrade, but the systematic analysis of microenterprise upgrade remains inadequate. This paper aims to investigate the nonlinear impact of market segmentation on microenterprise upgrade.
Design/methodology/approach
The price method was applied to calculate China's provincial market segmentation, including commodity, capital, labor and energy. The generalized method of moments was employed to examine the nonlinear impact of market segmentation on the upgrading of manufacturing enterprises based on microenterprise data from 2003 to 2019.
Findings
First, China’s heterogeneous market segmentations have been significantly reduced. Macroeconomics and policies are critical factors in market integration. Second, there is an inverted U-shaped relationship between China’s total market segmentation and the upgrading of manufacturing enterprises. Third, the relationship between the commodity market segmentation, labor market segmentation, energy market segmentation and manufacturing enterprises' upgrade is shown as an inverted U-shaped. Nevertheless, the relationship between the capital market segmentation and upgrading of manufacturing enterprises exhibits a U-shape.
Originality/value
The impact of market segmentation on the upgrading of manufacturing enterprises in China performs nonlinearly. An inverted U-shaped relationship exists between market segmentation in commodity, labor and energy and the upgrading of manufacturing enterprises, while a U-shaped relationship prevails between capital market segmentation and the upgrading of manufacturing enterprises.
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DOI：
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发表时间：
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期刊：
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影响因子：
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DOI：
10.1080/1331677x.2019.1663546
发表时间：
2019-01
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影响因子：
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发表时间：
2003
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