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https://ah.lib.nccu.edu.tw/handle/140.119/110966
題名: | What determines misallocation in innovation? A study of regional innovation in China | 作者: | 李文傑;李浩仲 Li, Hao-Chung;Lee, Wen-Chieh;Ko, Bo-Ting |
貢獻者: | 經濟系 | 關鍵詞: | Resource misallocation; Innovation efficiency; Financial market; Infrastructure investment; Preferential treatment | 日期: | Jun-2017 | 上傳時間: | 12-Jul-2017 | 摘要: | This paper sounds an alarm about disparate efficiencies among China`s regions in the allocation of innovation inputs. A theoretical measure of misallocation is adopted to gauge the distortions that exacerbate the inefficiency of resource allocations across geographic innovation units; these units’ usage of innovative inputs reveals the level of misallocations prevalent within the Chinese economy. The measure of innovation misallocation is computed by utilizing a micro dataset based on information from the China Statistical Yearbook for Science and Technology (CSYST) from 1999 to 2012. In addition, this paper probes the factors that co-move with China`s innovation resource misallocations. We find that, although an advanced financial market is beneficial to innovation efficiency in China, both the government`s extensive development of transportation infrastructure and the preferential treatment given to state-owned enterprises (SOEs) and foreign-invested enterprises (FIEs) negatively correlate with innovation efficiency. We conclude that emerging economies that are experiencing R&D input expansion, such as China, should be cautious in ensuring efficient resource allocations. | 關聯: | Journal of Macroeconomics, 52, 221-237 | 資料類型: | article | DOI: | http://dx.doi.org/10.1016/j.jmacro.2017.04.005 |
Appears in Collections: | 期刊論文 |
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221-237.pdf | 1.32 MB | Adobe PDF2 | View/Open |
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