R&D Performance in High-Tech Firms in China

Zhao Chen (), Sang-Ho Lee () and Wei Xu ()
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Zhao Chen: China Center for Economic Studies (CCES), Fudan University, Shanghai
Wei Xu: Changzhou Institute of Technology, China

Asian Economic Papers, 2017, vol. 16, issue 3, 193-208

Abstract: Using firm-level data from Changzhou, a prefectural city in China's Yangzi River Delta, we investigate the performance of both internal and external research and development (R&D) in high-tech firms. We find that, on average, high-tech firms with more internal R&D expenditure apply for more patents in terms of both the total number of patents and the number of invention patents. Internal R&D is most efficient in foreign firms, followed by private firms and then state-owned enterprises. These findings highlight the importance of privatizing high-tech firms in China if the government intends to accelerate industrial upgrading and convert the pattern of “Made in China” into “Created in China.”

JEL-codes: F33 F36 F50 F65 G00 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (6)

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