Effects of Economic Policy Uncertainty on Manufacturing Structural Upgrading: Evidence from China

Renjing Hu, Yanyang Yan and Daqing Gong

Discrete Dynamics in Nature and Society, 2021, vol. 2021, 1-8

Abstract: Manufacturing is one of the drivers of China’s growth, realizing structural upgrading is vital to achieve high-quality economic development during periods of economic policy uncertainty. Based on firm-level and province-level panel data from 1997 to 2018, this paper used a fixed effect panel data model and panel quantile regression model to investigate the effect of economic policy uncertainty on structural upgrading in manufacturing. The findings indicate that the effect of economic policy uncertainty on structural upgrading in manufacturing is significantly positive and great in regions at advanced stages of manufacturing structure. The discussion about the results suggests that the mechanism of economic policy uncertainty affecting structural upgrading in manufacturing operates through pushing the manufacturing industry to implement service transformation strategies along with vertical integration.

Date: 2021
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://downloads.hindawi.com/journals/ddns/2021/7364528.pdf (application/pdf)
http://downloads.hindawi.com/journals/ddns/2021/7364528.xml (application/xml)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hin:jnddns:7364528

DOI: 10.1155/2021/7364528

Access Statistics for this article

More articles in Discrete Dynamics in Nature and Society from Hindawi
Bibliographic data for series maintained by Mohamed Abdelhakeem ().