The Influence Of Imported Intermediate Goods On Enterprise Survival Time

At present,the survival status of domestic enterprises is still not optimistic,we try to find a way to prolong the survival time of enterprises.Because imported intermediate products can optimize the allocation of resources,promote technology spillovers,and enhance the productivity of enterprises,so the imported intermediate goods may prolong the survival time of enterprises.In order to verify this conclusion,we based on Chinese industrial enterprises and the customs trade merged date.we use Kaplan-Meier estimation method to draw enterprise survival and risk function,the figure shows that the enterprises imported intermediate goods have the longer survival time.And on this basis,this paper through the propensity score matching method(PSM)to reduce regress result disturbance induced by sample selection bias and mixed bias.Results show that the imported intermediate product has significant promoting effect on prolonging the enterprise survival time;but the effect of imported intermediate goods are different between different trade modes,the promoting effect for pure processing trade enterprises is low,the mixed processing trade is relatively large,the results were still significant after solving endogeneity.Next,this paper finds the relations between the quantity of imported intermediate goods and enterprise risk probability showed upward trend after falling,indicating that the enterprise imports of intermediate goods is not the more the better,higher imported intermediate goods may due to the high cost of inputs deteriorated business survival;This paper is also concerned about the kinds,sources and technology of imported intermediate goods,and find that more kinds of imported intermediate goods,the lower enterprise risk is,but the intermediate goods from the high income and the high tech country does not produce high risk reduction.In addition,because of enterprise technical limitations the risk reduction degree of imported technology class is inverted "U" type,and the high kinds of imported technology will help to optimize the allocation of technology,so as to improve their ability to resist risks;Considering the enterprise survival involves enterprise multi-period behavior,this paper further studies will be extended from the static level to the dynamic perspective.We found that the import of intermediate goods need to meet a certain amount of duration,and timely entry to the international market has an important role in improving the probability of survival.Further,this paper from the import of intermediate goods "spillover effect","resource allocation effect" and "productivity advantage" three aspects tested mechanism that imported intermediate goods affect the enterprise survival,so as to deepen understanding between imported intermediate goods and enterprise survival;finally we use Shapley value decomposition method to investigate the role of imported intermediate goods,found the import of intermediate goods is the important channel to improve the survival time of the enterprise,which is second only to the enterprise scale,productivity and subsidy.The research provides a feasible policy basis for further deepening the reform of trade liberalization and improving the overall competitiveness of enterprises.