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Author Fang, Jing, 1961-
Title China’s rising IQ (innovation quotient) and growth : firm-level evidence / prepared by Jing Fang, Hui He, and Nan Li.
Imprint [Washington, D.C.] : International Monetary Fund, [2016]

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Author Fang, Jing, 1961-
Series IMF working paper ; WP/16/249
IMF working paper ; WP/16/249.
Subject Technological innovation -- China.
Economic development -- China.
Industrial productivity -- China.
Alt Name He, Hui (Research assistant),
Li, Nan (Economist),
International Monetary Fund,
International Monetary Fund. Department,
Description 1 online resource (41 pages) : color illustrations.
Note "December 2016."
At head of title: International Monetary Fund, Department.
Bibliography Note Includes bibliographical references (pages 38-40).
Summary This paper examines whether the rapid growing firm patenting activity in China is associated with real economic outcome by building a unique dataset uniting detailed firm balance sheet information with firm patent data for the period of 1998-2007. We find strong evidence that within-firm increases in patent stock are associated with increases in firm size, exports, and more interestingly, total factor productivity and new product revenue share. Event studies using first-time patentees as the treatment group and non-patenting firms selected based on Propensity-Score Matching method as the control group also demonstrate similar effects following initial patent application. We also find that although state-owned enterprises (SOEs) on average have lower level of productivity and are less innovative compared to their non-state-owned peers, increases in patent stock tend to be associated with higher productivity growth among SOEs, especially for patents with lower innovative content. The latter could reflect the preferential government policies enjoyed by SOEs.
Note Description based on online resource; title from pdf title page ( Web site, viewed January 5, 2017).
ISBN 9781475563139
ISSN 1018-5941
ISBN/ISSN 10.5089/9781475563139.001
OCLC # 967725638
Additional Format Print Version: He, Hui China's Rising IQ (Innovation Quotient) and Growth: Firm-level Evidence Washington, D.C. : International Monetary Fund,2016 9781475563139

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