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政大機構典藏 > 社會科學學院 > 經濟學系 > 期刊論文 > Item 140.119/110966

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/110966

Title:	What determines misallocation in innovation? A study of regional innovation in China
Authors:	李文傑;李浩仲 Li, Hao-Chung;Lee, Wen-Chieh;Ko, Bo-Ting
Contributors:	經濟系
Keywords:	Resource misallocation;Innovation efficiency;Financial market;Infrastructure investment;Preferential treatment
Date:	2017-06
Issue Date:	2017-07-12 11:54:55 (UTC+8)
Abstract:	This paper sounds an alarm about disparate efficiencies among China`s regions in the allocation of innovation inputs. A theoretical measure of misallocation is adopted to gauge the distortions that exacerbate the inefficiency of resource allocations across geographic innovation units; these units’ usage of innovative inputs reveals the level of misallocations prevalent within the Chinese economy. The measure of innovation misallocation is computed by utilizing a micro dataset based on information from the China Statistical Yearbook for Science and Technology (CSYST) from 1999 to 2012. In addition, this paper probes the factors that co-move with China`s innovation resource misallocations. We find that, although an advanced financial market is beneficial to innovation efficiency in China, both the government`s extensive development of transportation infrastructure and the preferential treatment given to state-owned enterprises (SOEs) and foreign-invested enterprises (FIEs) negatively correlate with innovation efficiency. We conclude that emerging economies that are experiencing R&D input expansion, such as China, should be cautious in ensuring efficient resource allocations.
Relation:	Journal of Macroeconomics, 52, 221-237
Data Type:	article
DOI 連結:	http://dx.doi.org/10.1016/j.jmacro.2017.04.005
DOI:	10.1016/j.jmacro.2017.04.005
Appears in Collections:	[經濟學系] 期刊論文

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