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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w27107 |
来源ID | Working Paper 27107 |
Education and Innovation: The Long Shadow of the Cultural Revolution | |
Zhangkai Huang; Gordon M. Phillips; Jialun Yang; Yi Zhang | |
发表日期 | 2020-05-11 |
出版年 | 2020 |
语种 | 英语 |
摘要 | The Cultural Revolution deprived Chinese students of the opportunity to receive higher education for 10 years when colleges and universities were closed from 1966-1976. We examine the human capital cost of this loss of education on subsequent innovation by firms, and ask if it impacted firms more than 30 years later. We examine the innovation of firms with CEOs who turned 18 during the Cultural Revolution, which sharply reduced their chances of attending college. Using multiple approaches to control for selection and endogeneity, including an instrument based on whether the CEO turned 18 during the Cultural Revolution and a regression discontinuity approach, we show that Chinese firms led by CEOs without a college degree spend less on R&D, generate fewer patents, and receive fewer citations to these patents. |
主题 | Financial Economics ; Corporate Finance ; Health, Education, and Welfare ; Education ; Labor Economics ; Labor Supply and Demand ; Development and Growth ; Innovation and R& ; D |
URL | https://www.nber.org/papers/w27107 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/584780 |
推荐引用方式 GB/T 7714 | Zhangkai Huang,Gordon M. Phillips,Jialun Yang,et al. Education and Innovation: The Long Shadow of the Cultural Revolution. 2020. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w27107.pdf(445KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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