China Journal of Economics

2025, v.12;No.46(02) 59-77

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Digital Products Import and Firm Capacity Utilization

Zhenya Sun;Shujie Yao;

Abstract:

Improving the firm capacity utilization is the realistic need to achieve high-quality economic development. Based on the matching data of the Chinese industrial firm database and China Customs, this article empirically tests the impact of the digital product imports on enterprise capacity utilization and function mechanism. The empirical results show that the digital products import can significantly improve firm capacity utilization, and the conclusion is still significant after a series of robustness tests. The mechanism test results show that digital products import improve firm capacity utilization through productivity improvement effects, innovative effects, and export expansion effects. The heterogeneity test finds that digital products import have a greater promotion effect on non-state-owned enterprises and capital-intensive industries. Further research finds that the promotion of digital intermediate products import to firm capacity utilization is greater than digital capital import. With the expansion of technological distance, the promotion effect of digital capital goods imports and digital intermediate goods imports on the capacity utilization rate of enterprises shows a trend of decreasing at first and then increasing. The results provide important theoretical and practical significance for China to improve firm capacity utilization and achieve high-quality economic development.

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Foundation: 教育部规划基金项目(项目编号:24YJA790081);; 重庆市社会科学规划重大项目(项目编号:2024ZXZD13)的资助

Authors: Zhenya Sun;Shujie Yao;

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