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Academic Journal of Business & Management, 2021, 3(7); doi: 10.25236/AJBM.2021.030715.

The impact of import trade on the high-quality development of China's economy—Analysis based on innovation perspective

Author(s)

Yong Huang, Jinlong Luo

Corresponding Author:
Jinlong Luo
Affiliation(s)

School of Economics, Shandong University of Technology, Zibo, Shandong 255012, China

Abstract

The article uses panel data from a total of 31 provinces in mainland China from 2008 to 2018, and uses the intermediary effect method to test the impact of import trade on high-quality innovation, empirically examines the impact of import trade on innovation, and then finds that imports How does trade affect high-quality development. The study found that the protection of intellectual property rights in import trade has an indirect impact on high-quality development. Based on this, change the purpose of importing high-tech products and strengthen our company’s ability to learn and imitate. In terms of imports, we should further increase the tax difference between high-tech products and low-tech content products to encourage enterprise innovation; use the intellectual property protection system to improve Some companies that infringe upon others' enterprises will impose penalties to protect the economic benefits of small, medium and micro enterprises using innovation; we urge banks and other financial institutions to inject funds into small, medium and innovative enterprises; we need to implement fiscal reductions and exemptions across the country to solve the financing difficulties of small, medium and micro enterprises, etc. Problem: Formulate a protective tax system that adapts to national conditions and promote the further development of innovative enterprises.

Keywords

Import trade; high-quality development; technological innovation; intermediary effect

Cite This Paper

Yong Huang, Jinlong Luo. The impact of import trade on the high-quality development of China's economy—Analysis based on innovation perspective. Academic Journal of Business & Management (2021) Vol. 3, Issue 7: 89-97. https://doi.org/10.25236/AJBM.2021.030715.

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