摘要
Abstract
E-commerce,as one of the important manifestations of the digital economy,has emerged as a new engine of counter-cyclical growth amid the downward trend of the global economy,serving as a vital support for realizing the new development paradigm of dual circulation and increasing regional entrepreneurial activity.This paper employs the national e-commerce demonstration cities(NEDC)policy as a quasi-natural experiment,utilizing panel data from 283 prefecture-level cities in China from 2006 to 2019.Employing a multi-period difference-in-differences(DID)model,it investigates the impact of e-commerce on regional entrepreneurial activity.
The findings reveal that the NEDC policy increases the entrepreneurial activity of cities.The result holds even after a series of robustness tests,including the parallel trend test,heterogeneity treatment effect test,placebo test,and instrumental variable estimation.Furthermore,the entrepreneurial enhancement effect of the NEDC policy is more pronounced in the eastern region,cities with high levels of Internet development,non-resource-dependent cities,large-scale cities,and non-productive service industries.Mechanism analysis indicates that the NEDC policy facilitates the synergy between domestic and international markets,thereby enhancing entrepreneurial activity by expanding entrepreneurial resource supply and stimulating market demand potential.
Based on the above conclusions,this paper puts forward the following policy recommendations.First,it advocates for the continued promotion of NEDC to stimulate entrepreneurial activity,generate more employment,and alleviate the current employment pressure.Second,it suggests exploring the path of e-commerce-oriented transformation that suits the local conditions of cities.Third,it underscores the need to fully leverage the expanding role of e-commerce in both domestic and international markets,and to stimulate regional entrepreneurial vitality with the two-way pull of supply and demand.
The marginal contributions lie in three aspects.(1)This paper empirically tests the net effect of e-commerce development on regional entrepreneurial activity using the DID model,broadening the scope of effectiveness evaluation for the NEDC policy and providing new insights into enhancing entrepreneurial activity.(2)Based on the expansive role of e-commerce in domestic and international markets,it systematically verifies the theoretical mechanism of the impact of the NEDC policy on urban entrepreneurial activity from both the supply and demand sides,deepening understanding of the policy's influence on entrepreneurial activity.(3)It conducts heterogeneity analysis based on the characteristics of different cities and examines the time lag in the impact of this policy on entrepreneurial activity,deepening understanding of the temporal and spatial effects.The conclusions provide policy implications for fully leveraging the entrepreneurial effects of e-commerce and stimulating economic vitality.关键词
国家电子商务示范城市/电子商务/创业活跃度/城市活力/异质性处理效应Key words
national e-commerce demonstration city/e-commerce/entrepreneurial activity/city vitality/heterogeneity treatment effect分类
管理科学
