influence total factor productivity

On the supply side, cultural factors indirectly influence total factor productivity by affecting the quality of human capital. For example, the localization of “craftsmanship spirit” in the Yangtze River Delta region has resulted in a patent conversion rate for high-end equipment manufacturing that is 12 percentage points higher than the national average. More profoundly, the cultural coefficient factor also defines the ethical boundaries of economic growth. When the concept of “nature is wealth” is translated into institutional practices such as carbon trading markets and environmental, social, and governance (ESG) investments, culture becomes the underlying operating system that harmonizes growth with sustainability. สล็อตเว็บตรง