EconPapers    
Economics at your fingertips  
 

Digitalization, new business Startups, information and Communication Technologies and product innovation: Evidence From China in the lens of sustainability

Jiawen Bai, Tianyu Bai and Chengyun Zhang

Evaluation Review, 2024, vol. 48, issue 1, 90-118

Abstract: The global economies and international organizations are inclined towards sustainable growth, technological advancements and product innovations. China is the leading economy in information and communication technologies and among the major industrially expanded economies covering a substantial share of the global market in exports. The prime objective of this study is to explore the role of digitalization and Information and communication technologies (ICT) for product innovation (PIN). In doing so, the study also attempts to draw some novel implications regarding business, entrepreneurship, and product innovation in the lens of sustainability. This current study use the annual data of China from 1990–2020. The empirical analysis was conducted using the stationarity testing and the Johansen cointegration test. In addition, due to the data’s asymmetrical distribution, the non-parametric “quantile regression†is used. For robustness, this study employs the Fully Modified Ordinary Least Square, Canonical Cointegration, and Dynamic Ordinary Least Square methods. The empirical results reveal that economic progress and financial development are substantial factors of product innovation. The robust analysis reveals that medium and high-tech industries and information and communication technology adversely affect product innovation. Further, the presence of financial development transforms the negative influence of information and communication technology into a positive. The current study concludes more investments in the technological industry are required to encourage product innovation in China. The study discusses some policy-related implications in the context of business sustainability and product innovation.

Keywords: product innovation; new business; information and communication technology; economic growth; non-parametric techniques; medium and high-tech industry (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/0193841X231169419 (text/html)

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:sae:evarev:v:48:y:2024:i:1:p:90-118

DOI: 10.1177/0193841X231169419

Access Statistics for this article

More articles in Evaluation Review
Bibliographic data for series maintained by SAGE Publications ().

 
Page updated 2025-03-19
Handle: RePEc:sae:evarev:v:48:y:2024:i:1:p:90-118