Indigenous Innovation In China: Implications For Sustainable Growth

Yanrui Wu

No 10-18, Economics Discussion / Working Papers from The University of Western Australia, Department of Economics

Abstract: This paper aims to examine indigenous innovation and draw implications for sustainable economic growth in China. It investigates China’s capacity and achievements in indigenous innovation at both the macro and micro levels. China’s indigenous innovation is also compared to that in other major economies in the world. It is found that China’s innovation development is well ahead of other economies at the similar stage of development but there is a gap between China and the world’s leading innovative economies. Both aggregate and disaggregate evidence shows that China is catching up rapidly with the world’s innovation leaders. If current growth momentum is maintained, China is well positioned to become one of the most innovative economies in the world in the coming decade. There are however some serious issues to be resolved before China’s innovation potential could be realized.

Keywords: Indigenous innovation; R&D; Chinese economy (search for similar items in EconPapers)
Pages: 28 pages
Date: 2010
New Economics Papers: this item is included in nep-cse, nep-ino, nep-sbm and nep-tra
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Citations: View citations in EconPapers (2)

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