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来源类型Working Paper
规范类型报告
DOI10.3386/w27107
来源IDWorking 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
URLhttps://www.nber.org/papers/w27107
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/584780
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GB/T 7714
Zhangkai Huang,Gordon M. Phillips,Jialun Yang,et al. Education and Innovation: The Long Shadow of the Cultural Revolution. 2020.
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