Lee, Sang-Ho and Chen, Zhao and Xu, Wei (2017): R&D Efficiency in High-Tech Firms in China. Forthcoming in: Asian Economic Papers , Vol. 16, (October 2017)
Preview |
PDF
MPRA_paper_80734.pdf Download (78kB) | Preview |
Abstract
Using firm-level data from Changzhou, one of the representative prefectural cities in the Yangzi River Delta in China, we investigate the performances of both internal and external R&D in high-tech firms. We find that, on average, high-tech firms with more internal R&D expenditure apply for more patents in terms of both the total number of patents and the number of invention patents. Internal R&D is the most efficient in foreign firms, followed by private firms and then followed by SOEs (state-owned enterprises). These findings highlight the importance of privatizing high-tech firms in China if the Chinese government intends to accelerate industrial upgrading and convert the pattern of “Made in China” into “Created in China.”
Item Type: | MPRA Paper |
---|---|
Original Title: | R&D Efficiency in High-Tech Firms in China |
English Title: | R&D Efficiency in High-Tech Firms in China |
Language: | English |
Keywords: | internal R&D; external R&D; high-tech firms; R&D performances |
Subjects: | D - Microeconomics > D2 - Production and Organizations > D22 - Firm Behavior: Empirical Analysis H - Public Economics > H7 - State and Local Government ; Intergovernmental Relations > H76 - State and Local Government: Other Expenditure Categories L - Industrial Organization > L2 - Firm Objectives, Organization, and Behavior > L25 - Firm Performance: Size, Diversification, and Scope |
Item ID: | 80734 |
Depositing User: | Professor Sang-Ho Lee |
Date Deposited: | 11 Aug 2017 16:52 |
Last Modified: | 27 Sep 2019 03:37 |
References: | Acs, Z.J. and D.B. Audretsch, 1990, Innovation and Small Firms, Boston: MIT Press. Acs, Z.J. and D.B. Audretsch, 1991, “R&D, Firm Size and Innovative Activity,” in: Z.J. Acs and D.B. Audretsch, (Eds.), Innovation and Technological Change: An International Comparison, New York: Harvester Wheatsheaf. Boeing, P., E. Mueller and P. Sandner, 2016, “China's R&D explosion—Analyzing productivity effects across ownership types and over time,” Research Policy, 45(1), 159-176. Brambor, T., W.R. Clark and M. Golder, 2006, “Understanding Interaction Models: Improving Empirical Analyses,” Political Analysis, 14, 63-82. Cohen, W.M. and S. Klepper, 1996a, “Firm Size and the Nature of Innovation within Industries: the Case of Process and Product R&D,” Review of Economics and Statistics, 78, 232–243. Cohen, W.M. and S. Klepper, 1996b, “A Reprise of Size and R&D,” Economic Journal, 106, 925–952. Hausman, Jerry A., B. H. Hall and Z. Griliches, 1984, “Econometric Models for Count Data with an Application to the Patents-R&D Relationship,” Econometrica, 52(4), pp.909-938. Hosseini, S. and S. Narayanan, 2014, “Adoption, Adaptive Innovation, and Creative Innovation among SMEs in Malaysian Manufacturing,” Asian Economic Papers, 13(2), 32-58. Hu, A.G., 2001, “Ownership, Government R&D, Private R&D and Productivity in Chinese Industry,” Journal of Comparative Economics, 29, 136-157. KPMG, 2010, Changzhou Investment Environment Study 2010, Beijing, China: KPMG. Nagaoka, S., 2006, “R&D and Market Value of Japanese Firms in the 1990s,” Journal of Japanese and International Economies, 20, 155-176. Pavitt, K., M. Robson and J. Townsend, 1987, “The Size Distribution of Innovating Firms in the UK: 1945–1983,” Journal of Industrial Economics, 35, 297–316. Seo, Hwan Joo, Han Sung Kim, and Yoo Chan Kim, 2012, “Financialization and the Slowdown in Korean Firms' R&D Investment,” Asian Economic Papers, 11(3), 35-49. Toivanen, O., P, Stoneman and D. Bosworth, 2002, “Innovation and Market Value of UK frims: 1989-1995,” Oxford Bulletin of Economics and Statistics, 64(39), 39-61. Tsai, Kuen-Hung and Jiann-Chyuan Wang, 2005, “Does R&D Performance Decline with Firm Size?—A Re-examination in Terms of Elasticity,” Research Policy, 34, 966-976. Zhang, Anming, Yimin Zhang and Ronald Zhao, 2003, “A Study of the R&D Efficiency and Productivity of Chinese Firms,” Journal of Comparative Economics, 31, 444-464. Zhang, Haiyang and Jinchuan Shi, 2011, “On the Technical Efficiency of New Product in Chinese Provincial Industry,” [in Chinese] Economic Research Journal, 1, 83-96. |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/80734 |
Available Versions of this Item
- R&D Efficiency in High-Tech Firms in China. (deposited 11 Aug 2017 16:52) [Currently Displayed]