Import technology sophistication and high-quality economic development: evidence from city-level data of China

This paper adopts five dimensions and 15 indexes of green development, people’s life, innovation ability, economic vitality and coordinated development to establish an evaluation system of high-quality economic development. It uses principal component analysis to measure the economic high-quality de...

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Main Authors: Ming Chen, Hongbo Wang
Format: Article
Language:English
Published: Taylor & Francis Group 2021-07-01
Series:Ekonomska Istraživanja
Subjects:
Online Access:http://dx.doi.org/10.1080/1331677X.2021.1956362
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spelling doaj-98674d4886d0401caf66fa89a06aeb2e2021-08-09T15:50:05ZengTaylor & Francis GroupEkonomska Istraživanja1331-677X1848-96642021-07-010013610.1080/1331677X.2021.19563621956362Import technology sophistication and high-quality economic development: evidence from city-level data of ChinaMing Chen0Hongbo Wang1School of International Trade and Economics, University of International Business and Economics (UIBE)Center for Transnationals’ Studies, Nankai UniversityThis paper adopts five dimensions and 15 indexes of green development, people’s life, innovation ability, economic vitality and coordinated development to establish an evaluation system of high-quality economic development. It uses principal component analysis to measure the economic high-quality development of 233 prefecture-level cities from 2003 to 2016, and empirically studies the impact of import sophistication on China’s high-quality economic development. The results show that the increase in the sophistication of imported technology can significantly promote the high-quality development of the regional economy, and this effect is applicable to both imported intermediate and final products. In regions with higher and lower levels of economic development, eastern areas, and regions with high-quality development above 90% quantiles, the increase in imported technology content can significantly drive the high-quality development of the local economy. However, it has a great negative impact on the areas with a high-quality development index below 10% quantile. The robustness and endogeneity check support the above viewpoint. Further mechanism analysis shows that the final product import competition and intermediate product import spillover play a mediating role in the process of import sophistication affecting the high-quality economic development. The conclusion of this paper has important theoretical value and practical significance for the use of import trade to achieve high-quality economic development.http://dx.doi.org/10.1080/1331677X.2021.1956362import sophisticationhigh-quality developmentevaluation index systemimport competitionimport spillover effect
collection DOAJ
language English
format Article
sources DOAJ
author Ming Chen
Hongbo Wang
spellingShingle Ming Chen
Hongbo Wang
Import technology sophistication and high-quality economic development: evidence from city-level data of China
Ekonomska Istraživanja
import sophistication
high-quality development
evaluation index system
import competition
import spillover effect
author_facet Ming Chen
Hongbo Wang
author_sort Ming Chen
title Import technology sophistication and high-quality economic development: evidence from city-level data of China
title_short Import technology sophistication and high-quality economic development: evidence from city-level data of China
title_full Import technology sophistication and high-quality economic development: evidence from city-level data of China
title_fullStr Import technology sophistication and high-quality economic development: evidence from city-level data of China
title_full_unstemmed Import technology sophistication and high-quality economic development: evidence from city-level data of China
title_sort import technology sophistication and high-quality economic development: evidence from city-level data of china
publisher Taylor & Francis Group
series Ekonomska Istraživanja
issn 1331-677X
1848-9664
publishDate 2021-07-01
description This paper adopts five dimensions and 15 indexes of green development, people’s life, innovation ability, economic vitality and coordinated development to establish an evaluation system of high-quality economic development. It uses principal component analysis to measure the economic high-quality development of 233 prefecture-level cities from 2003 to 2016, and empirically studies the impact of import sophistication on China’s high-quality economic development. The results show that the increase in the sophistication of imported technology can significantly promote the high-quality development of the regional economy, and this effect is applicable to both imported intermediate and final products. In regions with higher and lower levels of economic development, eastern areas, and regions with high-quality development above 90% quantiles, the increase in imported technology content can significantly drive the high-quality development of the local economy. However, it has a great negative impact on the areas with a high-quality development index below 10% quantile. The robustness and endogeneity check support the above viewpoint. Further mechanism analysis shows that the final product import competition and intermediate product import spillover play a mediating role in the process of import sophistication affecting the high-quality economic development. The conclusion of this paper has important theoretical value and practical significance for the use of import trade to achieve high-quality economic development.
topic import sophistication
high-quality development
evaluation index system
import competition
import spillover effect
url http://dx.doi.org/10.1080/1331677X.2021.1956362
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