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Exporting like China: Vertical spillover effects of firms exporting digital products

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  • Li, Kun
  • Cai, Peifeng
  • Wang, Jing

Abstract

Against the background that only a few companies have successfully entered the international market to sell digital products, it is important to study whether the export of digital products by enterprises can bring digital technology spillover effects to upstream enterprises in the supply chain. This paper uses supply chain network data constructed by data from Chinese listed companies and customs data from 2009 to 2016. Empirical tests have found that, firstly, the export of digital products can not only promote digital innovation in enterprises, but also indirectly promote digital innovation in upstream enterprises in the supply chain. The indirect effect of the export of digital products by enterprises accounts for approximately 41.3 % of the total effect. Second, the export of digital products can promote digital innovation in upstream enterprises through knowledge and technology spillovers, digital innovation awareness spillovers, and financial spillovers. Third, the supply chain spillover effects of exports of digital products are characterized by asymmetry. The promotion effect of exports of digital products on digital innovation of upstream enterprises is stronger when the average distance between suppliers and customers is closer, the level of digital infrastructure construction in the supplier's region is higher, and the supplier's customer concentration is lower.

Suggested Citation

  • Li, Kun & Cai, Peifeng & Wang, Jing, 2025. "Exporting like China: Vertical spillover effects of firms exporting digital products," International Review of Financial Analysis, Elsevier, vol. 106(C).
    • Handle: RePEc:eee:finana:v:106:y:2025:i:c:s1057521925005496
    DOI: 10.1016/j.irfa.2025.104462
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    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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