The Impact of the Free Trade Zone Pilot Policy on the New Quality Productivity of Enterprises

统筹推进深层次改革和高水平对外开放是促进新质生产力发展的外部驱动力。自贸区试点政策理应通过制度创新促进新质生产力发展。本文使用2011~2022年中国A股制造业上市企业为研究对象，分析地级市及以上地区中，自贸区试点政策对企业新质生产力的影响。研究发现：自贸区试点政策能够显著促进企业新质生产力的发展，且该效应在非国企、内陆企业和市场竞争程度较高地区的企业中更加显著。机制分析结果显示，自贸区试点政策可以提高企业人才集聚、助力企业国际化经营，进而提升企业新质生产力的发展水平。本文从微观企业视角分析了自贸区试点政策对发展新质生产力的作用，为进一步提升新质生产力的发展水平提供参考。Joint promotion of deep-seated reforms and high-level opening-up are external driving forces for the development of new quality productivity. The FTZ pilot policy is supposed to promote the development of new quality productivity through institutional innovation. This paper uses Chinese A-share listed manufacturing firms from 2011 to 2022 to analyse the impact of the FTZ pilot policy on firms’ new quality productivity in prefectural-level cities and above. The study found that the FTZ pilot policy can significantly promote the development of new quality productivity in enterprises, and that this effect is more significant among non-state-owned enterprises, inland enterprises and enterprises in areas with a higher degree of market competition. The results of the mechanism analysis show that the FTZ pilot policy can improve the talent pooling of enterprises, help them internationalise their operations, and thus enhance the development of their new quality productivity. This paper analyses the role of the FTZ pilot policy on the development of new quality productivity from the perspective of microenterprises to provide reference for further enhancing the development of new quality productivity.