G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w27404
来源IDWorking Paper 27404
From Imitation to Innovation: Where Is all that Chinese R&D Going?
Michael König; Zheng Michael Song; Kjetil Storesletten; Fabrizio Zilibotti
发表日期2020-06-22
出版年2020
语种英语
摘要We construct an endogenous growth model with random interactions where firms are subject to distortions. The TFP distribution evolves endogenously as firms seek to upgrade their technology over time either by innovating or by imitating other firms. We use the model to quantify the effects of misallocation on TFP growth in emerging economies. 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 2007–12. The estimated model fits the Chinese data well. We compare the estimates with those obtained using data for Taiwan and perform counterfactuals to study the effect of alternative policies. R&D misallocation has a large effect on TFP growth.
主题Industrial Organization ; Market Structure and Firm Performance ; Development and Growth ; Innovation and R& ; D ; Growth and Productivity ; Country Studies
URLhttps://www.nber.org/papers/w27404
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/585077
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Michael König,Zheng Michael Song,Kjetil Storesletten,et al. From Imitation to Innovation: Where Is all that Chinese R&D Going?. 2020.
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