Data-driven growth: unpacking the productivity gains from open government data
摘要
Open government data, as a crucial initiative to promote leveraging the full value of data factors, is an important vehicle for improving enterprise total factor productivity (TFP). This study takes the launch of a government data platform as an exogenous shock to examine the mechanisms through which open government data affects enterprise TFP. The results show that open government data has a significant positive effect on enterprise TFP. Mechanism analysis shows that this effect is mainly realized through five mechanisms: alleviating financing constraints, promoting technological innovation, optimizing resource allocation efficiency, enhancing governance capacity, and suppressing rent-seeking behavior. Heterogeneity analysis shows that open government data has a stronger positive effect on TFP among green enterprises, enterprises with a higher level of digital transformation, and state-owned enterprises. This study not only enriches the understanding of the microeconomic consequences of open government data, but also provides micro-level empirical evidence for improving enterprise TFP.