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Governing Technological Entrepreneurship in China and the West

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  • Junbo, Y.

    (Vrije Universiteit Amsterdam, Faculteit der Economische Wetenschappen en Econometrie (Free University Amsterdam, Faculty of Economics Sciences, Business Administration and Economitrics)

  • Stough, R.R.
  • Nijkamp, P.

Abstract

China’s effort in the past two decades to develop technological entrepreneurship by means of establishing science parks and business incubators is unique in terms of both its large scale and the speed with which this has been achieved. This paper attempts to contribute on the understanding of China’s technological entrepreneurship promotion programs by positioning their policies and practice against an international context where the governance model appears to show much variation. Distinctive features identified for China after a broad comparison, however, draw attention to two major discrepancies between policy discourse and practice: 1) contrary to the claims of central policy makers that science parks were established to help nurture capabilities in domestic corporations, it has becoming increasingly clear that foreign direct investment (FDI) is considered the key to their success; 2) instead of being embedded in the local milieu as an interface for R&D, industry and education, technology transfer and commercialization in business incubators still heavily rely on funds and subsidies from the central government, and thus barely contribute to local entrepreneurship development.

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File URL: http://degree.ubvu.vu.nl/repec/vua/wpaper/pdf/20080019.pdf
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Paper provided by VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics in its series Serie Research Memoranda with number 0019.

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Date of creation: 2008
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Handle: RePEc:vua:wpaper:2008-19

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  1. Hu, Albert Guangzhou, 2007. "Technology parks and regional economic growth in China," Research Policy, Elsevier, vol. 36(1), pages 76-87, February.
  2. Acs, Zoltán J & Audretsch, David B & Braunerhjelm, Pontus & Carlsson, Bo, 2004. "The Missing Link: The Knowledge Filter and Entrepreneurship in Endogenous Growth," CEPR Discussion Papers 4783, C.E.P.R. Discussion Papers.
  3. Kuhlmann, Stefan, 2001. "Future governance of innovation policy in Europe -- three scenarios," Research Policy, Elsevier, vol. 30(6), pages 953-976, June.
  4. Storey, D. J. & Tether, B. S., 1998. "Public policy measures to support new technology-based firms in the European Union," Research Policy, Elsevier, vol. 26(9), pages 1037-1057, April.
  5. Edler, Jakob & Georghiou, Luke, 2007. "Public procurement and innovation--Resurrecting the demand side," Research Policy, Elsevier, vol. 36(7), pages 949-963, September.
  6. Goldfarb, Brent & Henrekson, Magnus, 2003. "Bottom-up versus top-down policies towards the commercialization of university intellectual property," Research Policy, Elsevier, vol. 32(4), pages 639-658, April.
  7. Nelson, Richard R., 2008. "What enables rapid economic progress: What are the needed institutions," Research Policy, Elsevier, vol. 37(1), pages 1-11, February.
  8. Rudy Aernoudt, 2004. "Incubators: Tool for Entrepreneurship?," Small Business Economics, Springer, vol. 23(2), pages 127-135, 09.
  9. David Audretsch & Max Keilbach, 2005. "Entrepreneurship capital and regional growth," The Annals of Regional Science, Springer, vol. 39(3), pages 457-469, 09.
  10. Georghiou, Luke, 2001. "Evolving frameworks for European collaboration in research and technology," Research Policy, Elsevier, vol. 30(6), pages 891-903, June.
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