商业研究

商业研究

• 商经理论 • 上一篇    下一篇

经济“脱实向虚”抑制了企业出口产品质量吗？

程凯，杨逢珉   

  1. （华东理工大学 商学院，上海 200237）
  • 收稿日期:2020-04-05 出版日期:2020-07-20
  • 作者简介:程凯（1992-），男，重庆人，华东理工大学商学院博士研究生，研究方向：进出口贸易、产品质量； 杨逢珉（1955-），女，兰州人，华东理工大学商学院教授，博士生导师，经济学博士，研究方向：国际贸易理论与政策。
  • 基金资助:
    上海市哲学社会科学规划一般课题“外资持股的出口效应及影响机制研究”，项目编号：2018BJB013；上海市哲学社会科学规划一般课题“进口贸易对上海市产业结构调整的效应及其对策研究”，项目编号：2018BJB025。

Does the Economic “Removal from Reality” Inhibit the Quality of Export Products?

CHENG Kai，YANG Feng-min   

  1. (Business School，East China University of Science and Technology，Shanghai 200237，China)
  • Received:2020-04-05 Online:2020-07-20

摘要： 本文选取2008-2013年中国工业企业数据库与海关进出口贸易数据库的匹配数据，利用反事实推理法测算中国企业出口产品质量，探讨经济“脱实向虚”对企业出口产品质量的影响。研究发现：经济“脱实就虚”通过挤出企业实物资本投资和削减实体企业利润两条途径对中国企业出口产品质量表现出抑制作用，该结果通过稳健性检验和内生性检验后依旧是可靠的。扩展性分析发现经济“脱实向虚”对私营企业出口产品质量的抑制作用大于国有企业；对加工贸易企业出口产品质量的抑制作用大于一般贸易企业；对劳动密集型行业出口产品质量的抑制作用大于资本密集型行业；对高融资约束行业出口产品质量的抑制作用大于低融资约束行业。通过异质性企业的检验结果发现经济“脱实向虚”对生产率越高的企业出口产品质量的抑制作用越大。

关键词: 经济“脱实向虚”, 出口产品质量, 中国企业

Abstract: This article selects the matching data of the Chinese industrial enterprise database and the customs import and export trade database from 2008 to 2013, and uses the counterfactual reasoning method to measure the quality of Chinese enterprises′ export products to discuss the impact of the economic “removal from reality” on the quality of enterprises′ export products. The study finds that: economic “removal from reality” suppresses the quality of Chinese enterprises′ export products by squeezing out the investment of physical capital and reducing the profits of real enterprises. The result is still reliable after the robustness test and endogenous test.The expansibility analysis shows that the economic “removal from reality” has a greater inhibitory effect on the quality of export products of private enterprises than that of state-owned enterprises; the inhibitory effect on the quality of export products of processing trade enterprises is greater than that of general trade enterprises; the inhibitory effect on the quality of export products of labor-intensive industries is greater than that of capital intensive industries; the inhibitory effect on the quality of export products of industries with high financing constraints is greater than that of low financing constrains the industry.Through the test results of heterogeneous enterprises, the paper finds that the economic“removal from reality” has a greater inhibitory effect on the export product quality of enterprises with higher productivity.

Key words: economic “removal from reality”;export product quality, Chinese enterprises