The Impact of Information Consumption on China's High-Quality Exports

ZHAO Hongyan; YIN Tianbao; ZHANG Shengbo

Volume 40 Issue 1

Jan. 2025

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Article Navigation > Journal of Guangdong University of Finance & Economics > 2025 > 40(1): 32-48

ZHAO Hongyan, YIN Tianbao, ZHANG Shengbo. The Impact of Information Consumption on China's High-Quality Exports[J]. Journal of Guangdong University of Finance & Economics, 2025, 40(1): 32-48.

Citation:

ZHAO Hongyan, YIN Tianbao, ZHANG Shengbo. The Impact of Information Consumption on China's High-Quality Exports[J]. Journal of Guangdong University of Finance & Economics, 2025, 40(1): 32-48.

ZHAO Hongyan, YIN Tianbao, ZHANG Shengbo. The Impact of Information Consumption on China's High-Quality Exports[J]. Journal of Guangdong University of Finance & Economics, 2025, 40(1): 32-48.

Citation:

ZHAO Hongyan, YIN Tianbao, ZHANG Shengbo. The Impact of Information Consumption on China's High-Quality Exports[J]. Journal of Guangdong University of Finance & Economics, 2025, 40(1): 32-48.

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The Impact of Information Consumption on China's High-Quality Exports

1.
Glorious Sun School of Business and Management, Donghua University, Shanghai 200051
2.
School of Public Finance and Taxation, Zhongnan University of Economics and Law, Wuhan 430073, China

Received Date: 2024-08-28
Available Online: 2025-03-01
Publish Date: 2025-01-28

Abstract

Abstract

Unleashing consumption potential is a crucial step of facilitating domestic circulation and promoting the new development paradigm with "dual circulation". It has significant strategic implication for promoting the technological complexity of export, driving high-quality exports from China, and pursuing high-level opening up. Based on panel data from 269 prefecture-level cities from 2009 to 2022, this study analyzes the impact of information consumption on China's high-quality exports, utilizing pilot reform on the national information consumption to build a difference-in-differences model. The research shows that the consumption can significantly promote the technological complexity of export, thereby advancing China's high-quality exports. This conclusion remains valid after a series of robustness tests. Heterogeneity analysis indicates that the promoting effect of information consumption is more pronounced in cities with large-scale, non-resource-based, and highly developed information infrastructure, low-income disparity, and low pollution. Mechanism analysis reveals that the effects of technological innovation, foreign capital inflow, consumption multiplier, and market competition are the important channels through which information consumption promotes the technological complexity of export to push forward China's high-quality exports. The effect of information consumption in promoting the technological complexity of exports is positively up-regulated by human capital, financial development, and intellectual property protection. Extension analysis finds that information consumption has a diffusion effect on high-quality exports, significantly increasing the technological complexity of export in neighboring cities.
- information consumption,
- technological complexity of export,
- high-quality exports,
- difference-in-differences

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References(39)

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