Digital empowerment: the impact of rural digitization on the total factor productivity of agro-related enterprises

Hui Zhong; Yanyu  Zhao; Yiyin Liang; Leyan  Chen

doi:10.54691/77s69b77

Authors

Hui Zhong
Yanyu Zhao
Yiyin Liang
Leyan Chen

DOI:

https://doi.org/10.54691/77s69b77

Keywords:

Rural digitization; agro-related enterprises; total factor productivity.

Abstract

Rural digitization helps to enhance the efficiency of the use of digital resources in the agricultural industry, stimulate the endogenous development power of the traditional countryside, and then improve the total factor productivity of agro-related enterprises to achieve transformation and development. Based on an empirical study of panel data of agro-related enterprises among 235 A-share listed companies in China from 2011 to 2022, this paper analyzes the impact and mechanism of rural digitization on the total factor productivity of agro-related enterprises in terms of the multidimensional perspective of human capital, technological innovation and transaction costs. The results of the study show that the digital transformation of agro-related enterprises can significantly increase the total factor productivity of the enterprises, but its effect will be slightly different depending on the differences in ownership and regions. The study suggests that policy support for the digital transformation of agro-related enterprises should be increased, state-owned enterprises should be used as a model to lead the digital transformation of enterprises, the construction of digital countryside should be used as a basis to make up for differences in region, and the digitalization of countryside should be used as an opportunity to promote economic development.

Downloads

Download data is not yet available.

References

Hu Delong,Shi Manzhen. Research on the impact of digital economy on enterprise total factor productivity[J]. Contemporary Finance and Economics,2023,(12):17-29.

Deng, X., Huang, M., & Peng, R. (2024). The impact of digital economy on rural revitalization: Evidence from Guangdong, China. Heliyon, 10(7).

Han, J., Wang, J., & Zhang, W. (2023). Digital Adoption levels and income generation in rural households in China. Heliyon, 9(11).

Lu Xinyuan,Zhang Jinao,Ma Dongmei,et al. How does digital village construction drive common wealth? --A mechanism analysis based on the perspective of spatio-temporal heterogeneity [J/OL]. Intelligence Science, 1-16[2024-04-07].

Xia Xianli, Chen Zhe, Zhang Huili, et al. High-quality development of agriculture: digital empowerment and realization path[J]. China Rural Economy,2019(12):2-15.

Liu Jiping. Research on the path of high-quality development of rural economy driven by digital technology [J]. Agricultural Economy, 2023, (10): 40-43.

Liu Naixi,Han Yijun,Wang Pingping.Does FDI increase total factor productivity of Chinese agribusiness? --Evidence from panel data of 99,801 agribusinesses[J]. China Rural Economy, 2018(4):90-105.

Han Yan,Wu Laping.Decomposition of FDI's Innovation Spillover Effect on Chinese Agribusiness--Threshold Regression Analysis Based on Absorptive Capacity[J]. International Trade Issues,2020(8):132-146.

Jiang Hongli,Jiang Pengcheng. Can Digital Finance Enhance Corporate Total Factor Productivity? ---Empirical Evidence from Listed Companies in China[J]. Journal of Shanghai University of Finance and Economics,2021,23(3):3-18

Jin Shaorong,Tang Shiyu,Ren Zanjie. Can digital transformation improve total factor productivity in agribusiness? [J]. Reform,2024,(02):131-148.

Sun Shuhui,Liu Chuanming,Chen Xiaonan. Digital countryside, network spillovers and green total factor productivity in agriculture[J]. China Agricultural Resources and Zoning,2023,44(09):45-59.

Guo Haihong. Digital village construction, resource factor mismatch and green total factor productivity in agriculture[J]. Journal of China University of Geosciences (Social Science Edition),2024,24(01):102-116.

Guo Qingwang,Jia Junxue. Estimation of total factor productivity in China:1979-2004[J]. Economic Research,2005(06):51-60.

Xu Hao. Digital transformation, agricultural capital deepening and urban-rural residents' income gap - based on the perspective of coupled relationship between digital-agriculture-rural human capital[J]. Hainan Finance,2022(01):20-34.

Yu Yongze, Liu Fengjuan, Zhuang Haitao. Internet development and technological innovation: patent production, renewal and citation perspectives[J]. Research Management,2021,42(06):41-48.

Yin Xiangfei,Duan Wenbin. Sources of total factor productivity in China:Theoretical construction and empirical data[J]. Nankai Economic Research,2016

Han Lu,Chen Song,Liang Lingling. Digital economy, innovation environment and urban innovation capability[J]. Research Management,2021,42(04):35-45.

Shen Xiaobo,Chen Yu,Lin Boqiang. Impact of technological progress and industrial structure distortion on energy intensity in China[J]. Economic Research,2021,56(02):157-173.