International Talent Inflow and R&D Investment: Firm-level Evidence from China
Ran Yuan and
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Hao Wei: Department of International Economics, Beijing Normal University
Ran Yuan: Department of International Economics, Beijing Normal University
Laixun Zhao: Research Institute for Economics & Business Administration (RIEB), Kobe University, Japan
No DP2019-17, Discussion Paper Series from Research Institute for Economics & Business Administration, Kobe University
Using firm-level R&D data with regional international talent data, we find that international talent increases the R&D investment of Chinese manufacturing firms, a result that is further confirmed with patent data and under a number of robustness checks. These findings stem from two mechanisms: international talent boosts human capital accumulation and provides a diversified labor force. Further, the R&D promoting effect is stronger if firms are located in eastern China rather than in other regions, of small and medium-sized rather than large-sized, of domestic ownership rather than foreign ownership. The policy implication is, the introduction of international talent can be a new way to promoting R&D investment, especially for skilled-labor constrained countries.
Keywords: International talent inflow; Manufacturing firms; R&D; Patent application (search for similar items in EconPapers)
JEL-codes: F16 F22 O32 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cfn, nep-cna, nep-cse, nep-hrm, nep-knm, nep-sbm, nep-tid, nep-tra and nep-ure
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