Why has China grown so fast?Â 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 in general and I 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 University of Oxford, Department of Economics in its series Economics Series Working Papers with number 592.
Date of creation: 01 Jan 2012
Date of revision:
China; Technology transfer; Joint ventures; Productivity;
Other versions of this item:
- John Van Reenen & Linda Yueh, 2012. "Why Has China Grown So Fast? The Role of International Technology Transfer," CEP Discussion Papers dp1121, Centre for Economic Performance, LSE.
- 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-2012-03-08 (All new papers)
- NEP-BEC-2012-03-08 (Business Economics)
- NEP-CSE-2012-03-08 (Economics of Strategic Management)
- NEP-DEV-2012-03-08 (Development)
- NEP-EFF-2012-03-08 (Efficiency & Productivity)
- NEP-TRA-2012-03-08 (Transition Economics)
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