Explore the Influence of Strategic Emerging Industrial Policy on the New Quality Productivity of Enterprises

Ran Mo ()
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Ran Mo: Honors College, Tianjin Foreign Studies University

A chapter in Proceedings of the 2025 10th International Conference on Financial Innovation and Economic Development (ICFIED 2025), 2025, pp 213-222 from Springer

Abstract: Abstract Strategic emerging industries represent the direction of a new round of scientific and technological revolution and industrial transformation, and are crucial to cultivating new quality productivity and promoting high-quality economic development. This paper takes the seven industries involved in strategic emerging industries as the natural experiment, uses the panel data of Shanghai and Shenzhen A-share listed companies in 2007-2022, and uses the Difference-in-Differences Model to analyze the policy effect. The results show that the strategic emerging industry policy has a significant positive impact on the development of the new quality productivity of enterprises, and the strategic emerging industry policy can promote the new quality productivity of enterprises through government subsidies and improving the cluster degree. Heterogeneity analysis shows that industrial policy has a more significant impact on the western region, state-owned enterprises and non-high-tech industries. According to the research results, the corresponding policy suggestions are put forward to help the industrial policies to further serve the improvement of the new quality productivity of enterprises.

Keywords: Strategic Emerging Industries; New Quality Productivity; Difference-in-Differences Model (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-702-1_23

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DOI: 10.2991/978-94-6463-702-1_23

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