R&D of Chinese Firms: Characteristics and Implications

Ik Joon Moon (), Su Yeob Na (), Jina Yeo (), Minsook Park () and Jonghak Eun ()
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Ik Joon Moon: Korea Institute for International Economic Policy
Su Yeob Na: Korea Institute for International Economic Policy
Jina Yeo: Korea Institute for International Economic Policy
Minsook Park: Independent
Jonghak Eun: Kookmin University

No 13-42, World Economy Brief from Korea Institute for International Economic Policy

Abstract: Recently, China is facing limitations in economic growth driven by the expansion of factor-inputs, which allowed China to achieve economy of scale, using its abundant labor and capital. Therefore, China now is seeking to change its paradigm of economic growth into an innovation-oriented one where knowledge increases economic productivity. As a result, investment in research and development (R&D) and patents have sharply risen. This would be a good time to assess the policies and strategies for R&D in China to draw up some meaningful implications. This study contains Chinese government policies for R&D, current state of Chinese firms 'R&D, characteristics of Chinese patents according to the new method of patent classification and Chinese firms’ reverse-innovation and globalization strategies.

Keywords: Research And Development; Science Technology; Innovation Policy; R&D Activities; Patents-China; R&D Cooperation; Chinese Firms; China (search for similar items in EconPapers)
Pages: 5 pages
Date: 2013-09-27
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