Technical standardization and total factor productivity in innovation-driven development: Evidence from China

PLoS One. 2023 Oct 5;18(10):e0287109. doi: 10.1371/journal.pone.0287109. eCollection 2023.

Abstract

Innovation drive differs from investment drive and resource drive in that it focuses on knowledge and skills to promote productivity growth. By integrating technical standards within the framework of an innovation-driven development system in this work, theoretical implications for this development strategy may be revealed. Following our theoretical study, we built a PECM utilizing China's inter-provincial panel data from 2007 to 2020 to investigate the long and short-term relationships between standardization, R&D, and innovation-driven development. The following are the key findings: First, both standardization and R&D are the nation's critical engines of innovation-driven development. Second, standardization has the greatest impact on TFP through improving technical efficiency, whereas R&D drives both technical development and technical efficiency improvement. Third, while the influence of technical standard drafters' production scale on scale efficiency was insignificant from 2007 to 2013, it became substantial after 2014 with China's macroeconomic reform of "transforming the mode and changing the structure."

Publication types

  • Research Support, Non-U.S. Gov't

MeSH terms

  • China
  • Economic Development*
  • Efficiency*
  • Investments
  • Models, Theoretical

Grants and funding

This work is supported by the Shandong Provincial Social Science Planning Research Project "Research on Improving the Technical Standardization Capability of Chinese Enterprises from the Perspective of Dual Network Embedding" (Grant No. 18CGLJ18).