05827oam 22013694 450 991016292620332120230808201439.01-4755-6799-51-4755-6817-7(CKB)3710000001045042(MiAaPQ)EBC4800274(IMF)WPIEA2016249(EXLCZ)99371000000104504220020129d2016 uf 0engurcnu||||||||rdacontentrdamediardacarrierChina’s Rising IQ (Innovation Quotient) and Growth : Firm-level Evidence /Hui He, Nan Li, Jing FangWashington, D.C. :International Monetary Fund,2016.1 online resource (42 pages) illustrations (some color), graphs, tablesIMF Working Papers1-4755-6313-2 Includes bibliographical references.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.IMF Working Papers; Working Paper ;No. 2016/249Economic developmentChinaIndustrial productivityChinaInvestments: StocksimfMacroeconomicsimfProduction and Operations ManagementimfEconomic Growth of Open EconomiesimfIndustry Studies: Manufacturing: GeneralimfTechnological Change: Choices and ConsequencesimfDiffusion ProcessesimfInstitutions and GrowthimfEconomywide Country Studies: Asia including Middle EastimfSocialist Enterprises and Their TransitionsimfProductionimfCostimfCapital and Total Factor ProductivityimfCapacityimfMacroeconomics: ProductionimfPension FundsimfNon-bank Financial InstitutionsimfFinancial InstrumentsimfInstitutional InvestorsimfEmploymentimfUnemploymentimfWagesimfIntergenerational Income DistributionimfAggregate Human CapitalimfAggregate Labor ProductivityimfNonprofit Organizations and Public Enterprise: GeneralimfInvestment & securitiesimfPublic ownershipimfnationalizationimfTotal factor productivityimfProductivityimfStocksimfCapital productivityimfPublic enterprisesimfFinancial institutionsimfEconomic sectorsimfIndustrial productivityimfGovernment business enterprisesimfChina, People's Republic ofimfEconomic developmentIndustrial productivityInvestments: StocksMacroeconomicsProduction and Operations ManagementEconomic Growth of Open EconomiesIndustry Studies: Manufacturing: GeneralTechnological Change: Choices and ConsequencesDiffusion ProcessesInstitutions and GrowthEconomywide Country Studies: Asia including Middle EastSocialist Enterprises and Their TransitionsProductionCostCapital and Total Factor ProductivityCapacityMacroeconomics: ProductionPension FundsNon-bank Financial InstitutionsFinancial InstrumentsInstitutional InvestorsEmploymentUnemploymentWagesIntergenerational Income DistributionAggregate Human CapitalAggregate Labor ProductivityNonprofit Organizations and Public Enterprise: GeneralInvestment & securitiesPublic ownershipnationalizationTotal factor productivityProductivityStocksCapital productivityPublic enterprisesFinancial institutionsEconomic sectorsIndustrial productivityGovernment business enterprises338.951He Hui1450561Li Nan1202682Fang Jing1258107DcWaIMFBOOK9910162926203321China’s Rising IQ (Innovation Quotient) and Growth3650001UNINA