Page 25 - FDMASIA JanFeb 2024

FeatUres 23
www.fdmasia.com | FDM AsiA Jan/Feb 2024

signifcantly impact the quality of wood-based panels exports. Therefore, it should create a favourable innovation
The industrial scale, fnancing constraints, and whether or environment, increase the investment in R&D, improve the
not to sign a free trade agreement have little impact on the effciency of R&D, and promote the technology level.
quality of wood-based panel exports. Among them, total factor For example, by reforming the fscal system, strengthening
productivity, R&D investment, and capital intensity positively the fscal power of the province-level government, providing
impact the quality of wood-based panel exports; labour costs more precise policies and fnancial assistance to enterprises,

and foreign direct investment negatively impact the quality of adapting to local conditions, and stimulating the vitality and
wood-based panel exports. competitiveness of export trade.
For paper products, total factor productivity, R&D investment, Small and medium-sized enterprises occupy a large
labour costs, capital intensity, and whether or not to sign a proportion of China’s forest production enterprises. However,
free trade agreement signifcantly impact the quality of paper they usually attach less importance to R&D and have a weak
product exports. sense of independent innovation.
Foreign direct investment, industrial scale, and fnancing Thus, improving the R&D investment and innovation
constraints have little impact on the quality of paper product capacity should be the main direction of their transformation
exports. Among them, total factor productivity, R&D investment, to establish competitive advantage and expand the market.

labour costs, and capital intensity positively impact the quality Firstly, enterprises should establish specialised R&D
of paper product exports; whether or not to sign a free trade departments or enrich the R&D function, such as actively
agreement negatively impacts the quality of paper product cooperating with universities, research institutions, etc. Secondly,
exports. enterprises should improve R&D effciency and achievement
For wood furniture, total factor productivity, R&D investment, application to effectively transform scientifc research into
labour costs, and industrial scale signifcantly impact the actual products, apply R&D achievements to practice, and
quality of wood furniture exports. achieve quality marginal drive.

Foreign direct investment, capital intensity, fnancing On the other hand, human capital support should be
constraints, and whether or not to sign a free trade agreement strengthened. Practice shows that human capital can play a
have little impact on the quality of wooden furniture exports. more important role than material capital in the process of
Among them, total factor productivity, R&D investment, enterprise development, and it has been found that human
and industrial scale have a promoting effect on improving capital has a signifcant impact on improving the quality of
the quality of wood furniture exports; labour costs have a wood forest products in export.
restraining effect on improving the quality of wood furniture From the perspective of enterprises, on the one hand,
exports.

Suggestions
On the one hand, the trade of wood forest products should
be developed from factor-driven to innovation-driven practices.
According to the endogenous determination model of
quality, the enhancement of R&D investment can signifcantly
improve the quality level of exported wood forest products
in various categories.