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How U.S. job policy affects China's scientific and technological manufacturing firms? A perspective based on the competitive environment
Ist Teil von
Energy economics, 2023-10, Vol.126, p.106976, Article 106976
Ort / Verlag
Elsevier B.V
Erscheinungsjahr
2023
Link zum Volltext
Quelle
Elsevier ScienceDirect Journals Complete
Beschreibungen/Notizen
This paper develops an index to measure the job policy uncertainty (JPU) of Chinese high-tech talents in the US, and investigates the impact of the U.S. JPU on the competitive environment of scientific and technological manufacturing firms (STMs) in China. The result shows that the U.S. JPU leads to a more intensified competitive environment for Chinese STMs. We further show the promotional effect of U.S. JPU is due to its role in promoting investment expenditure and capital agglomeration in STMs. We also find that this effect is more pronounced in samples that are more likely to attract talent inflows, such as areas with low levels of environmental pollution and STMs with high levels of high-tech talent demand. Our paper provides evidence that U.S. employment policies have significant spillover effects on the competitive environment of Chinese STMs.
•We propose a novel index to measure the job policy uncertainty (JPU) of Chinese high-tech talents in the US.•The JPU has a substantial positive effect on the competitive environment of Chinese STMs.•Promoting investment expenditure and capital agglomeration in STMs are proven to be two crucial mechanisms.•This effect is more pronounced in samples that are more likely to attract talent inflows.•The JPU increased TFP in STMs by promoting competition.