China’s Rising IQ (Innovation Quotient) and Growth PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download China’s Rising IQ (Innovation Quotient) and Growth PDF full book. Access full book title China’s Rising IQ (Innovation Quotient) and Growth by Hui He. Download full books in PDF and EPUB format.
Author: Hui He
Publisher: International Monetary Fund
ISBN: 1475567995
Category : Business & Economics
Languages : en
Pages : 41
Get Book Here
Book Description
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.
Author: Hui He
Publisher: International Monetary Fund
ISBN: 1475567995
Category : Business & Economics
Languages : en
Pages : 41
Get Book Here
Book Description
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.
Author: Development Research Center of the State Council;World Bank Group
Publisher: World Bank Publications
ISBN: 1464814201
Category : Business & Economics
Languages : en
Pages : 335
Get Book Here
Book Description
After more than three decades of average annual growth close to 10 percent, China's economy is transitioning to a 'new normal' of slower but more balanced and sustainable growth. Its old drivers of growth -- a growing labor force, the migration from rural areas to cities, high levels of investments, and expanding exports -- are waning or having less impact. China's policymakers are well aware that the country needs new drivers of growth. This report proposes a reform agenda that emphasizes productivity and innovation to help policymakers promote China's future growth and achieve their vision of a modern and innovative China. The reform agenda is based on the three D's: removing Distortions to strengthen market competition and enhance the efficient allocation of resources in the economy; accelerating Diffusion of advanced technologies and management practices in China's economy, taking advantage of the large remaining potential for catch-up growth; and fostering Discovery and nurturing China's competitive and innovative capacity as China approaches OECD incomes in the decades ahead and extends the global innovation and technology frontier.
Author: Ligang Song
Publisher: ANU Press
ISBN: 176046130X
Category : Business & Economics
Languages : en
Pages : 495
Get Book Here
Book Description
China’s efforts in searching for new sources of growth are increasingly pressing given the persistence of the growth slowdown in recent years. This year’s book elucidates key present macroeconomic challenges facing China’s economy in 2017, and the impacts and readiness of human capital, innovation and technological change in affecting the development of China’s economy. The book explores the development of human capital as the foundations of China’s push into more advanced growth frontiers. It also explores the progress of productivity improvement in becoming the primary mechanism by which China can sustain economic growth, and explains the importance of China’s human capital investments to success on this front. The book demonstrates that technical change is a major contributor to productivity growth; and that invention and innovation are increasingly driving technical change but so far lumpily across regions, sectors and invention motivations. Included are chapters providing an update on reform and macroeconomic development, educational inequality, the role of intangibles in determining China’s economic growth, and China’s progress in transitioning towards being an innovative country. The book also covers the regional dimension of innovation and technological progress by sector: in agricultural productivity, renewable energy and financial markets. Chapters on trade, investment, regional cooperation and foreign aid explore further the mechanisms through which technological change and innovative activities are emerging locally and internationally.
Author: Richard P. Appelbaum
Publisher: John Wiley & Sons
ISBN: 0745689604
Category : Science
Languages : en
Pages : 200
Get Book Here
Book Description
China is in the midst of transitioning from a manufacturing-based economy to one driven by innovation and knowledge. This up-to-date analysis evaluates China's state-led approach to science and technology, and its successes and failures. In recent decades, China has seen huge investments in high-tech science parks, a surge in home-grown top-ranked global companies, and a significant increase in scientific publications and patents. Helped by state policies and a flexible business culture, the country has been able to leapfrog its way to a more globally competitive position. However, the authors argue that this approach might not yield the same level of progress going forward if China does not address serious institutional, organizational, and cultural obstacles. While not impossible, this task may well prove to be more difficult for the Chinese Communist Party than the challenges that China has faced in the past.
Author: Dan Prud’homme
Publisher: Springer
ISBN: 3030104044
Category : Business & Economics
Languages : en
Pages : 237
Get Book Here
Book Description
This book evaluates the risks that China’s intellectual property (IP) regime poses to innovation. China's IP regime has been heavily criticized as potentially stifling innovation. However, the country’s innovation capabilities have risen significantly and major reforms have recently been made to its IP regime. How risky, really, is China's IP regime for innovation? This book investigates this question at different units of analysis based on a multidisciplinary assessment involving law, management, economics, and political science. Specifically, it critically appraises China's substantive IP laws, measures for boosting patent quantity and quality, measures for transmitting and exploiting technological knowledge, new experimental IP measures, and China's systems for administering and enforcing IP. Practitioners and scholars from various backgrounds can benefit from the up-to-date analysis as well as the practical managerial tools provided, including risk assessment matrices for businesses and recommendations for institutional reform.
Author: Hui He
Publisher: International Monetary Fund
ISBN: 1484307054
Category : Business & Economics
Languages : en
Pages : 56
Get Book Here
Book Description
The paper analyses the effect of the stock market on firm innovation through the lens of initial public offering (IPO) using uniquely matched Chinese firm-level data. We find that IPOs lead to an increase in both the quantity and quality of firm innovation activity. In addition, IPOs expand a firm’s scope of innovation beyond its core business. The impact of IPOs on firm innovation varies across financial constraints, corporate governance, and ownership structures. Our results further illustrate that IPOs induce a firm to increase the number of inventors and enable better retention of existing inventors after the IPO. Finally, we show that the enhanced innovation activity resulting from IPOs increases a firm’s Tobin’s Q in the long run.
Author: Zheng Yong-nian
Publisher: World Scientific
ISBN: 9811203636
Category : Business & Economics
Languages : en
Pages : 360
Get Book Here
Book Description
This book provides a timely update on the ongoing transformation of the Chinese economy. As the world's second largest economy, China marked the 40th anniversary of economic reform and opening-up in 2018. In this book, top scholars on Chinese economic studies review China's remarkable economic achievement in the past four decades and analyse the challenges facing economic development in the country.The book focusses on structural changes of China's economy, which are essential to steer the country towards sustainable development. It studies the long-term factors affecting the Chinese economy such as education and innovation, and emerging sources of economic growth, such as e-commerce. Other important aspects of the Chinese economy explored in this book include the economic role of the Chinese government, fiscal reforms, capital account liberalisation, housing policies, competition policy and anti-monopoly law, China's export, trends of regional development and reforms of state-owned enterprises.This rich collection of policy-oriented economic studies is also a tribute to Professor John Wong, former research director of the East Asian Institute, National University of Singapore, who passed away in June 2018. For over three decades, Professor Wong had followed and provided insightful analyses on China's economic development.
Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 1475595298
Category : Business & Economics
Languages : en
Pages : 12
Get Book Here
Book Description
This issue of the IMF Research Bulletin features recommended readings from IMF Publications and an update on recent IMF Working Papers and IMF Staff Discussion Notes. It also includes a special announcement welcoming Linda Tesar (University of Michigan) as the new editor of “IMF Economic Review.” The Q&A section explores “Seven Questions on China-Africa Relations” (Luiz Almeida, Wenjie Chen, and Oral Williams). The Research Summaries surveys “Income Polarization in the United States” (Ali Alichi, Kory Kantenga, and Juan Sole); and “The Future Wealth of Nations: World Trade in Services” (Prakash Loungani, Saurabh Mishra, Chris Papageorgiou, and Ke Wang).
Author: Oliver Gassmann
Publisher: Springer Science & Business Media
ISBN: 364230592X
Category : Business & Economics
Languages : en
Pages : 135
Get Book Here
Book Description
China is dramatically catching up and is rapidly becoming a leading technological innovator on the global scale. The number of Chinese firms with global ambitions is growing fast, more and more technological innovation is coming from China, and the number of patents in China is also growing steadily. The negative side of this development is the still insufficient protection of intellectual property in China. The phenomenon of counterfeits originating from China has increased constantly over the past two decades. Moreover, within the past ten years the scale of intellectual property theft has risen exponentially in terms of its sophistication, volume, the range of goods, and the countries affected. This book addresses managers dealing with innovation in China, and offers concrete advice on how Western firms can benefit from these innovations. Among others, it provides examples and checklists to help decision-makers active in China.
Author: Philipp Boeing
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Get Book Here
Book Description
"The forthcoming fourteenth Five-Year Plan (2021-2025) emphasizes innovation as the driving force to double China's GDP and income per capita until the year 2035, implying five percent annual output growth. China's innovative and economic performance, however, is less outstanding than often perceived, and there is still a long way before it reaches the status of a high-income country. Government intervention, either through subsidies or state ownership of firms, has often resulted in poor outcomes, when compared with market-based alternatives. In other words, market-oriented reforms have been more important to economic performance than subsequent government intervention in these markets. Notwithstanding China's substantial increase in innovation activity, productivity growth in the overall economy and manufacturing industries fell by half or more than half after the global financial crisis. Moreover, efficiency gains appeared largely within incumbent firms, whereas typical productivity gains from entry, exit or reallocation diminished or turned negative because of policy distortions. While China's increasing innovation efforts may have prevented an even more severe productivity decline, returns to catching-up oriented R&D are diminishing, as China is closing in on its distance on the global knowledge frontier. At the same time, China faces more political restrictions abroad in accessing foreign cutting-edge technology. The increasingly inward-looking and mission-driven nature of Chinese innovation policy suggests that research productivity might continue to decline faster in China than elsewhere. Innovation policy, in general, may contribute to diminishing research productivity if additional R&D has lower economic returns than privately funded projects. Explicitly mission-driven policy may be even more harmful if government-supported technologies that contribute to strategic government purposes, such as national security, turn out to be economically inferior compared to the choice of the market. While China's innovation policy often addresses cutting-edge innovation and prestige projects, the desire to leap frog and move into radically new products and technologies may come at huge opportunity costs. In other words, results may be occasional Sputnik moments in galaxies of mediocracy. Industrialized countries that find themselves exposed to greater competition from China should avoid premature conclusions that link China's apparent technological prowess to its industrial policy and (state-owned) national champions. If anything, the evidence suggests that economic achievements were realized not because of excessive government involvement, but despite such interventions. China's mission-driven, top-down innovation policy not only limits curiosity- and market-driven research, but also increases the likelihood of government failure. Instead of addressing funding deficiencies in the innovation system, R&D subsidies instead crowd-out private investments in R&D and fail to generate long-term productivity gains. Likewise, patent subsidies not only support financially constrained firms in the protection of intellectual property, but rather lead to disproportionate and excessive filings of low-quality patents. In a nutshell, China's innovation policy is sometimes effective but seldom efficient. Greater market-oriented reforms would not only benefit the Chinese economy, but would also help to address concerns of foreign businesses and governments regarding unfair competition and strategic acquisition of technology through enterprises ultimately controlled by the party. Tariffs on Chinese imports, restricted technology transfer, screening of Chinese overseas investments and acquisitions, as well as the relocation of production sites from China to other countries signal the beginning of such disengagement. China is now at a crossroads between further opening-up and greater self-sufficiency. Eventually, greater market-oriented reforms may not only enhance China's access to the global research and technology frontier but also provide the opportunity for innovation that powers China's productivity growth.
