Abstract
New energy industry is the key field in which China has suffered from trade frictions. It remains to be explored whether digital transformation can enhance export resilience and alleviate the negative shock of trade frictions. Based on the export data of new energy products, this paper uses a panel two-way fixed effects model to explores whether digital transformation can alleviate the negative shock of trade frictions on the exports of new energy products. We find that (1) trade frictions lead to an average decrease of 11.45% in the export value of new energy enterprises and an average increase of 0.84% in the probability of exiting the export market. (2) Digital transformation can buffer the negative shock of trade frictions. For enterprises undergoing digital transformation, the negative shock of trade frictions on exports are relatively limited. (3) Mechanism test indicates that digital transformation accelerates the export products conversion and export markets transfer, thereby alleviating the negative shock of trade frictions. From the digital transformation perspective, this paper provides targeted policy implications for enhancing the export resilience of new energy enterprises and forming a sustained buffering mechanism to alleviate trade friction shocks.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
