Political Turnover and Breakthrough Innovation: Evidence from China

Tao Jiang (), Cheng Huang (), Qiang Pan () and Shiying Zhang ()
Additional contact information
Tao Jiang: Harbin Institute of Technology (Shenzhen), School of Economics and Management
Cheng Huang: Peking University, School of Economics
Qiang Pan: Harbin Institute of Technology (Shenzhen), School of Economics and Management
Shiying Zhang: Harbin Institute of Technology (Shenzhen), School of Economics and Management

A chapter in Proceedings of the 9th International Conference on Financial Innovation and Economic Development (ICFIED 2024), 2024, pp 68-81 from Springer

Abstract: Abstract This study investigates how political turnover affects breakthrough inventions in Chinese cities. Our empirical evidence reveals a positive correlation between political turnover and breakthrough inventions when analyzing industry-region pairs instead of focusing on individual firms or regions. The results hold firm across diverse model specifications and subsample analyses. Extending the analysis to dynamic patterns indicates that the turnover of leaders does not influence breakthrough inventions before the turnover event. As a turnover event occurs, its positive impact becomes quickly evident, but diminishes and becomes insignificant once the uncertainty is resolved. Our research further reveals that the impact of political turnover on breakthrough inventions varies significantly across industries. Specifically, the positive impact is more pronounced in complex industries and industries that do not have a relative technological advantage.

Keywords: Political turnover; Breakthrough inventions; Industries; China (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-408-2_9

Ordering information: This item can be ordered from
http://www.springer.com/9789464634082

DOI: 10.2991/978-94-6463-408-2_9

Access Statistics for this chapter

More chapters in Advances in Economics, Business and Management Research from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().