Uncertainty and enterprise export recovery in China: Does the market integration matter?
Maintaining the stability of foreign trade in an uncertain environment is crucial to building a new development pattern. By combing through the existing literature, this paper analyzes the impact of economic policy uncertainty on enterprise export recovery from the perspective of market integration....
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| Format: | Article |
| Language: | English |
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Public Library of Science (PLoS)
2024-01-01
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| Series: | PLoS ONE |
| Online Access: | https://doi.org/10.1371/journal.pone.0309428 |
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| _version_ | 1841555515516125184 |
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| author | Xiugang Zhu Kangjuan Lv Jingkai Gao |
| author_facet | Xiugang Zhu Kangjuan Lv Jingkai Gao |
| author_sort | Xiugang Zhu |
| collection | DOAJ |
| description | Maintaining the stability of foreign trade in an uncertain environment is crucial to building a new development pattern. By combing through the existing literature, this paper analyzes the impact of economic policy uncertainty on enterprise export recovery from the perspective of market integration. Firstly, theoretical analysis shows that economic policy uncertainty is expected to attenuate enterprise export recovery levels by amplifying export transaction costs. Secondly, the escalation in market integration is anticipated to mitigate the attenuation above effect through the mechanism of "enhanced production efficiency", while simultaneously amplifying it through the mechanism of "intensified market competition". Based on the empirical test of China's micro-level data, it is found that the rise of market integration generally alleviates the weakening effect of economic policy uncertainty on enterprise export resilience, and this mitigation effect is more obvious for high-efficiency enterprises; The test results of further mechanism analysis and heterogeneity analysis are also consistent with the logic of theoretical analysis. |
| format | Article |
| id | doaj-art-57add1d73f2b4d5c9be4eae211cacf12 |
| institution | Kabale University |
| issn | 1932-6203 |
| language | English |
| publishDate | 2024-01-01 |
| publisher | Public Library of Science (PLoS) |
| record_format | Article |
| series | PLoS ONE |
| spelling | doaj-art-57add1d73f2b4d5c9be4eae211cacf122025-01-08T05:32:36ZengPublic Library of Science (PLoS)PLoS ONE1932-62032024-01-011912e030942810.1371/journal.pone.0309428Uncertainty and enterprise export recovery in China: Does the market integration matter?Xiugang ZhuKangjuan LvJingkai GaoMaintaining the stability of foreign trade in an uncertain environment is crucial to building a new development pattern. By combing through the existing literature, this paper analyzes the impact of economic policy uncertainty on enterprise export recovery from the perspective of market integration. Firstly, theoretical analysis shows that economic policy uncertainty is expected to attenuate enterprise export recovery levels by amplifying export transaction costs. Secondly, the escalation in market integration is anticipated to mitigate the attenuation above effect through the mechanism of "enhanced production efficiency", while simultaneously amplifying it through the mechanism of "intensified market competition". Based on the empirical test of China's micro-level data, it is found that the rise of market integration generally alleviates the weakening effect of economic policy uncertainty on enterprise export resilience, and this mitigation effect is more obvious for high-efficiency enterprises; The test results of further mechanism analysis and heterogeneity analysis are also consistent with the logic of theoretical analysis.https://doi.org/10.1371/journal.pone.0309428 |
| spellingShingle | Xiugang Zhu Kangjuan Lv Jingkai Gao Uncertainty and enterprise export recovery in China: Does the market integration matter? PLoS ONE |
| title | Uncertainty and enterprise export recovery in China: Does the market integration matter? |
| title_full | Uncertainty and enterprise export recovery in China: Does the market integration matter? |
| title_fullStr | Uncertainty and enterprise export recovery in China: Does the market integration matter? |
| title_full_unstemmed | Uncertainty and enterprise export recovery in China: Does the market integration matter? |
| title_short | Uncertainty and enterprise export recovery in China: Does the market integration matter? |
| title_sort | uncertainty and enterprise export recovery in china does the market integration matter |
| url | https://doi.org/10.1371/journal.pone.0309428 |
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