2009
10/2009
Economic growth across Chinese provinces: in search of innovation-driven gains
Kirjoittaja(t): Michael Funke and Hao Yu
2009. 27 pages.
Julkaisija: Suomen Pankki
ISBN 978-952-462-975-1 (verkkojulkaisu)
Hakusanat: China, R&D, R&D Spillovers, patents, regional economic growth, semiparametric estimators, C14, O47, R11, R12, Michael Funke, Hao Yu
In this paper we analyse the impact of R&D on total factor productivity across Chinese provinces. We introduce innovations explicitly into a production function and evaluate their contribution to economic growth in 1993 - 2006. The empirical results highlight the importance and the interaction between local and external research. The evidence indicates that growth in China is not explained simply by factor input accumulation.