自由贸易试验区建设能否赋能新质生产力发展?--兼论新质生产力的同群效应  

Can the Construction of Pilot Free Trade Zones Enable the Development of New Quality Productive Forces?A Discussion on the Peer Effect of New Quality Productive Forces

作　　者：程秋旺 蔡雪雄[2] 刘斌[1] Cheng Qiuwang;Cai Xuexiong;Liu Bin(School of Economics and Business Administration,Chongqing University;Fujian Academy of Social Sciences)

机构地区：[1]重庆大学经济与工商管理学院,400044 [2]福建社会科学院习近平生态文明思想研究所,350001

出　　处：《经济评论》2025年第2期38-55,共18页Economic Review

基　　金：中国博士后科学基金资助项目“企业数字化转型抑制企业漂绿行为的机理与路径研究”(2023M730394);中央高校基本科研业务费项目“股权结构视角下多个大股东与企业ESG表现”(2023CDSKXYJG007);福建社会科学院基金资助项目“深入推进生态文明建设研究”(52241109)的资助。

摘　　要：在制度型开放背景下探讨自由贸易试验区建设赋能新质生产力发展的政策效果,具有重要意义。文章将自由贸易试验区建设视为准自然实验,基于2010—2022年中国沪深A股上市公司样本数据,运用多期双重差分法检验自由贸易试验区建设赋能新质生产力发展的政策效果。研究发现,自由贸易试验区建设能够有效赋能新质生产力发展,并且较低的媒体关注和较好的法律环境可以使这一政策效果更显著。机制检验表明,自由贸易试验区建设可以通过缓解融资约束和激活市场竞争有效赋能新质生产力发展。拓展分析发现,新质生产力存在显著的行业同群效应,而自由贸易试验区建设能够有效赋能新质生产力的行业同群效应。研究结论可以为企业如何培育和发展新质生产力提供来自制度型开放视角的理论依据和经验支撑。It was important to explore the policy effect of the construction of pilot free trade zones(FTZ)to enable the development of new quality productive forces(NQPF)under the background of institutional opening-up.In this paper,we considered FTZ as a quasi-natural experiment,Based on the sample data of A-share listed companies in China from 2010 to 2022,and used the time-varying DID method to assess the policy effect of FTZ to empower the development of NQPF.It was found that FTZ could effectively enable the development of NQPF and lower media attention and a better legal environment could make the policy effect more significant.The mechanism analysis showed that the construction of FTZ could promote the development of NQPF mainly by alleviating their financing constraints and activating market competition.Extended analysis revealed that NQPF exhibited significant industry peer effects,and the construction of FTZ could effectively enhance the industry peer effects of NQPF.The research conclusion could provide a theoretical basis and empirical support for how enterprises cultivate and develop NQPF from the perspective of institutional opening-up.

关 键 词：自由贸易试验区 新质生产力 制度型开放 同群效应 

分 类 号：F125[经济管理—世界经济] F273.1