Intangible Capital, Innovation, and Growth in China

Belton Fleisher (), William McGuire, Adam Smith and Mi Zhou

No 171957, 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota from Agricultural and Applied Economics Association

Abstract: We study the relationship between industry-level investments in intangible capital (IC) and three key economic indicators in China. We find that investments in IC are productivity-enhancing among Chinese enterprises—more so in domestically owned than in foreign invested enterprises. Consistent with other research, we find that China’s IC generates new patents, but fewer than in major industrialized economies. Among domestically owned enterprises, we find that IC growth has been associated with increasing export-competitiveness, while among foreign invested enterprises, it has been oriented more toward improving domestic sales.

Keywords: International Development; International Relations/Trade; Production Economics (search for similar items in EconPapers)
Date: 2014
New Economics Papers: this item is included in nep-cse, nep-ino, nep-ipr, nep-pr~, nep-knm and nep-tra
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea14:171957

DOI: 10.22004/ag.econ.171957

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