| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14966 |
| DP14966 From Imitation to Innovation: Where Is all that Chinese R&D Going? | |
| Michael König; Zheng Song; Kjetil Storesletten; Fabrizio Zilibotti | |
| 发表日期 | 2020-06-29 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We construct a model of firm dynamics with heterogenous productivity and distortions. The productivity distribution evolves endogenously as the result of the decisions of firms seeking to upgrade their productivity over time. Firms can adopt two strategies toward that end: imitation and innovation. The theory bears predictions about the evolution of the productivity distribution. We structurally estimate the stationary state of the dynamic model targeting moments of the empirical distribution of R&D and TFP growth in China during the period 2007-2012. The estimated model fits the Chinese data well. We compare the estimates with those obtained using data for Taiwan and find the results to be robust. We perform counterfactuals to study the effect of alternative policies. We find large effects of R&D misallocation on long-run growth. |
| 主题 | Macroeconomics and Growth |
| 关键词 | China Imitation Innovation Misallocation Productivity R&d Subsidies Taiwan Tfp growth Traveling wave |
| URL | https://cepr.org/publications/dp14966 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/543909 |
| 推荐引用方式 GB/T 7714 | Michael König,Zheng Song,Kjetil Storesletten,et al. DP14966 From Imitation to Innovation: Where Is all that Chinese R&D Going?. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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