Munich Personal RePEc Archive

R&D Efficiency in High-Tech Firms in China

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)

WarningThere is a more recent version of this item available.

Download (78kB) | Preview


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.”

Available Versions of this Item

MPRA is a RePEc service hosted by
the Munich University Library in Germany.