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Academic Journal of Business & Management, 2024, 6(6); doi: 10.25236/AJBM.2024.060603.

Study on the impact of trade openness on enterprise technological innovation: Based on the enterprise-level research in Jiangsu Province

Author(s)

Liu Ba

Corresponding Author:
Liu Ba
Affiliation(s)

School of Economics and Management, Guangxi Normal University, Guilin, China

Abstract

Based on the panel data of manufacturing enterprises in Jiangsu Province from 2003 to 2011, this paper empirically studies the impact of trade liberalization on technological innovation. Through research, it is found that the increased degree of trade liberalization can improve the production efficiency of enterprises through technology spillover and the expansion of raw material and intermediate goods market, but it also squeeges the market share of domestic enterprises, which may not be conducive to the research and development of new products, and this conclusion passes the robustness test. Through the heterogeneity analysis, it is found that trade openness has different impacts on technological R&D innovation of enterprises with different industry types and whether they have exports. It is concluded that we should actively promote the process of trade liberalization, constantly strengthen international cooperation, actively introduce foreign advanced technology and constantly improve the learning ability, so as to strengthen our own R & D and innovation ability.

Keywords

trade liberalization, enterprise technological innovation, development

Cite This Paper

Liu Ba. Study on the impact of trade openness on enterprise technological innovation: Based on the enterprise-level research in Jiangsu Province. Academic Journal of Business & Management (2024) Vol. 6, Issue 6: 16-22. https://doi.org/10.25236/AJBM.2024.060603.

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