R&D inputs and productivity growth in China
The relationship between investment in R&D and productivity growth have been well documented in the literature. So far little research has been done on this topic for China, in part due to data limitations. Using the perpetual inventory method (PIM), this paper first estimates the R&D stock in China between 1978 and 2002. If R&D stock is measured, we can then estimate the elasticity of output with respect to R&D, thus estimate the contribution of R&D investment to output in China. The paper finds China’s economic growth mainly depends on capital input and that the impact of R&D capital on China’s growth is insignificant between 1978 and 2002. Then the essay examines the impact of R&D input on Total Factor Productivity (TFP), and finds that R&D input explains 30% of TFP change in China between 1980 and 2000 and that one percent increase in R&D input leads to 0.27 percent increase in TFP in China. The essay also finds that TFP in China has experienced an unusual fall since 1995.
|Date of creation:||22 Mar 2004|
|Date of revision:||25 May 2004|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Zvi Griliches & Jacques Mairesse, 1991.
"R&D and Productivity Growth: Comparing Japanese and U.S. Manufacturing Firms,"
in: Productivity Growth in Japan and the United States, pages 317-348
National Bureau of Economic Research, Inc.
- Zvi Griliches, 1998. "R&D and Productivity Growth: Comparing Japanese and U.S. Manufacturing Firms," NBER Chapters, in: R&D and Productivity: The Econometric Evidence, pages 187-210 National Bureau of Economic Research, Inc.
- Zvi Griliches & Jacques Mairesse, 1985. "R&D and Productivity Growth: Comparing Japanese and U.S. Manufacturing Firms," NBER Working Papers 1778, National Bureau of Economic Research, Inc.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:242. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter)
If references are entirely missing, you can add them using this form.