Why Has China Grown So Fast? The Role of International Technology Transfer
AbstractChinese economic growth has been spectacular in the last 30 years. We investigate the role of International Joint Ventures with Technology Transfer agreements, an understudied area. Technology transfer is the traditional mechanism for developing countries to "catch up" and has been a key component of Chinese economic policy. We collect original survey data on Chinese firms and their joint ventures and match this to administrative data on firm performance. To identify the causal effect of joint ventures we use time-varying and province-specific policies at the time when a firm was born. International joint ventures have large effects on productivity especially when combined with a technology transfer component. We estimate that without International joint ventures China's growth would have been about one percentage point lower per annum over the last three decades.
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Bibliographic InfoPaper provided by Centre for Economic Performance, LSE in its series CEP Discussion Papers with number dp1121.
Date of creation: Feb 2012
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China; technology transfer; joint ventures; productivity;
Other versions of this item:
- Linda Yueh & Linda Yueh & John Van Reenen, 2012. "Why has China grown so fast?Â The role of international technology transfer," Economics Series Working Papers 592, University of Oxford, Department of Economics.
- O32 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Management of Technological Innovation and R&D
- O33 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-02-27 (All new papers)
- NEP-BEC-2012-02-27 (Business Economics)
- NEP-CSE-2012-02-27 (Economics of Strategic Management)
- NEP-EFF-2012-02-27 (Efficiency & Productivity)
- NEP-TRA-2012-02-27 (Transition Economics)
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