 S&T activities and firm performance: microeconomic evidence from manufacturing in ShanghaiPingfang Zhu, Lei Li and Nannan Lundin No 5/2005, BOFIT Discussion Papers from Bank of Finland Institute for Emerging Economies (BOFIT) Abstract: This paper examines the impact of R&D expenditure and technology import on the level and the growth of productivity, as well as on the general economic performance in manufacturing firms with various ownership structures in Shanghai, China.The empirical analyses are based on the firm-level information of a sample of manufacturing firms for the period 1998-2003. We find clear-cut evidence indicating that firms with foreign participation have a productivity advantage over their domestic counterparts.The expenditures on technology import not only have a direct and positive effect on productivity, but also indirectly enhance the absorptive capacity of firms to facilitate in-house R&D activities.This is particularly true for firms with foreign participation, or for firms in sectors with relatively high technical standards.Furthermore, R&D expenditure and technology import may also have positive effects on profitability and export performance, depending on the ownership structure of the firm and the technical standard in the sector. Keywords: Science and Technology policy; Science and Technology investment; R&D (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:zbw:bofitp:bdp2005_005 Access Statistics for this paper More papers in BOFIT Discussion Papers from Bank of Finland Institute for Emerging Economies (BOFIT) Contact information at EDIRC. |
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