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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 2017-06
上傳時間 12-Jul-2017 11:54:55 (UTC+8)
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
dc.contributor 經濟系
dc.creator (作者) 李文傑;李浩仲zh-tw
dc.creator (作者) Li, Hao-Chung;Lee, Wen-Chieh;Ko, Bo-Tingen-US
dc.date (日期) 2017-06
dc.date.accessioned 12-Jul-2017 11:54:55 (UTC+8)-
dc.date.available 12-Jul-2017 11:54:55 (UTC+8)-
dc.date.issued (上傳時間) 12-Jul-2017 11:54:55 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/110966-
dc.description.abstract (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.
dc.format.extent 1351631 bytes-
dc.format.mimetype application/pdf-
dc.relation (關聯) Journal of Macroeconomics, 52, 221-237
dc.subject (關鍵詞) Resource misallocation; Innovation efficiency; Financial market; Infrastructure investment; Preferential treatment
dc.title (題名) What determines misallocation in innovation? A study of regional innovation in China
dc.type (資料類型) article
dc.identifier.doi (DOI) 10.1016/j.jmacro.2017.04.005
dc.doi.uri (DOI) http://dx.doi.org/10.1016/j.jmacro.2017.04.005