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Record Nr. |
UNINA9910162926203321 |
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Autore |
He Hui |
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Titolo |
China’s Rising IQ (Innovation Quotient) and Growth : : Firm-level Evidence / / Hui He, Nan Li, Jing Fang |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2016 |
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ISBN |
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1-4755-6799-5 |
1-4755-6817-7 |
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Descrizione fisica |
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1 online resource (42 pages) : illustrations (some color), graphs, tables |
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Collana |
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Altri autori (Persone) |
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Disciplina |
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Soggetti |
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Economic development - China |
Industrial productivity - China |
Investments: Stocks |
Macroeconomics |
Production and Operations Management |
Economic Growth of Open Economies |
Industry Studies: Manufacturing: General |
Technological Change: Choices and Consequences |
Diffusion Processes |
Institutions and Growth |
Economywide Country Studies: Asia including Middle East |
Socialist Enterprises and Their Transitions |
Production |
Cost |
Capital and Total Factor Productivity |
Capacity |
Macroeconomics: Production |
Pension Funds |
Non-bank Financial Institutions |
Financial Instruments |
Institutional Investors |
Employment |
Unemployment |
Wages |
Intergenerational Income Distribution |
Aggregate Human Capital |
Aggregate Labor Productivity |
Nonprofit Organizations and Public Enterprise: General |
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Investment & securities |
Public ownership |
nationalization |
Total factor productivity |
Productivity |
Stocks |
Capital productivity |
Public enterprises |
Financial institutions |
Economic sectors |
Industrial productivity |
Government business enterprises |
China, People's Republic of |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Nota di bibliografia |
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Includes bibliographical references. |
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Sommario/riassunto |
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This paper examines whether the rapid growing firm patenting activity in China is associated with real economic outcome by building a unique dataset uniting detailed firm balance sheet information with firm patent data for the period of 1998-2007. We find strong evidence that within-firm increases in patent stock are associated with increases in firm size, exports, and more interestingly, total factor productivity and new product revenue share. Event studies using first-time patentees as the treatment group and non-patenting firms selected based on Propensity-Score Matching method as the control group also demonstrate similar effects following initial patent application. We also find that although state-owned enterprises (SOEs) on average have lower level of productivity and are less innovative compared to their non-state-owned peers, increases in patent stock tend to be associated with higher productivity growth among SOEs, especially for patents with lower innovative content. The latter could reflect the preferential government policies enjoyed by SOEs. |
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