Zheng, Yan (2004): R&D inputs and productivity growth in China.
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Abstract
The relationship between investment in R&D and productivity growth have been well documented in the literature. So far little research has been done on this topic for China, in part due to data limitations. Using the perpetual inventory method (PIM), this paper first estimates the R&D stock in China between 1978 and 2002. If R&D stock is measured, we can then estimate the elasticity of output with respect to R&D, thus estimate the contribution of R&D investment to output in China. The paper finds China’s economic growth mainly depends on capital input and that the impact of R&D capital on China’s growth is insignificant between 1978 and 2002. Then the essay examines the impact of R&D input on Total Factor Productivity (TFP), and finds that R&D input explains 30% of TFP change in China between 1980 and 2000 and that one percent increase in R&D input leads to 0.27 percent increase in TFP in China. The essay also finds that TFP in China has experienced an unusual fall since 1995.
Item Type: | MPRA Paper |
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Original Title: | R&D inputs and productivity growth in China |
Language: | English |
Keywords: | Growth; R&D; Total Factor Productivity |
Subjects: | O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development |
Item ID: | 242 |
Depositing User: | Yan Zheng |
Date Deposited: | 09 Oct 2006 |
Last Modified: | 30 Sep 2019 09:05 |
References: | [1] Ling Wang & Adam Szimai, Technological inputs and productivity growth in China’s high-tech industries [EB/ OL].http://www.iwep.org.cn/pdf/wangling-wp.pdf [2] Hall& Zvil Griliches, Patent and R&D: search for a lag structure. [EB/ OL]. http://www.nber.org/papers/w1227.pdf [3] Zvil Griliches, Empirical patterns of firm growth and R&D investment: A quality ladder model interpretation. [EB/ OL]. http://www.nber.org/papers/w6753.pdf [4] Zvil Griliches & Jacques Mairesse, R&D and productivity growth: comparing Japanese and U.S. manufacturing firms [EB/ OL]. http://papers.nber.org/papers/w1778.pdf [5] Zvil Griliches & Mairesse, Productivity and R&D at firm level. [EB/ OL]. http://www.nber.org/papers/w0826.pdf [6] Hulya, R&D, invention and economic growth: an empirical analysis [EB/ OL]. http://www.ecomod.net/conferences/ecomod2003/ecomod2003_papers/Ulku.pdf [7] 胡鞍钢、郑京海:《中国全要素生产率为何明显下降》(Hu angang & Zheng jinghai :Why TFP in China fell dramatically?)http://www.China.org.cn/chinese/OP-c/524675.htm [8] 叶飞文:《要素投入与中国经济增长》(Ye feiwen: Factor inputs and economic growth in China, Beijing University Publishing House, 2004) [9] Lecture notes of Globalization and economic growth |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/242 |