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Attention allocation, factor stock adjustment, and high-quality product development

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  • Dongmei Xu
  • Changqi Tao
  • Jiawen Wang

Abstract

The manufacturing industry is the foundation for building and strengthening a country. Micro-manufacturing enterprises are the basis for the development of manufacturing, and products are the core and life of enterprises. Based on micro data from industrial enterprises, this study conducts a statistical measurement on the indicators of high-quality product development. Taking the Baidu Index as the proxy variable for attention allocation, the influence of attention allocation on high-quality development of products is systematically examined both theoretically and empirically; Additionally, it seeks to ascertain whether factor stock adjustment has a mediating effect. The findings are as follows: 1. Within the full sample, 63.63% of the attention allocation process to promote high-quality development of products is achieved by optimizing the factor stock adjustment channels. 2. Capital stock and labor stock adjustment have a partial mediating effect on the high-quality development of products in capital-intensive industries, while labor stock adjustment has a partial mediating effect on labor-intensive industries. 3. The regional results show that the adjustment of capital and labor stock has a partial mediating effect in the eastern region. This conclusion provides a theoretical basis for realizing the high-quality development of China's manufacturing industry.

Suggested Citation

  • Dongmei Xu & Changqi Tao & Jiawen Wang, 2023. "Attention allocation, factor stock adjustment, and high-quality product development," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 36(1), pages 1449-1469, March.
    • Handle: RePEc:taf:reroxx:v:36:y:2023:i:1:p:1449-1469
    DOI: 10.1080/1331677X.2022.2089195
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    Cited by:

    1. Yuxuan Yang & Haiying Pan, 2024. "The Digital Economy’s Impact on the High-Quality Development of the Manufacturing Industry in China’s Yangtze River Economic Belt," Sustainability, MDPI, vol. 16(16), pages 1-26, August.

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