R&D Efficiency in High-Tech Firms in China

Sang-Ho Lee, Zhao Chen and Wei Xu

MPRA Paper from University Library of Munich, Germany

Abstract: Using firm-level data from Changzhou, one of the representative prefectural cities in the Yangzi River Delta in China, we investigate the performances of both internal and external 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 the most efficient in foreign firms, followed by private firms and then followed by SOEs (state-owned enterprises). These findings highlight the importance of privatizing high-tech firms in China if the Chinese government intends to accelerate industrial upgrading and convert the pattern of “Made in China” into “Created in China.”

Keywords: internal R&D; external R&D; high-tech firms; R&D performances (search for similar items in EconPapers)
JEL-codes: D22 H76 L25 (search for similar items in EconPapers)
Date: 2017-08
New Economics Papers: this item is included in nep-cna, nep-cse, nep-eff, nep-ino, nep-sbm, nep-tid and nep-tra
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Citations: View citations in EconPapers (1)

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