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R&D of Chinese Firms: Characteristics and Implications

Author

Listed:
  • Moon , Ik Joon

    (Korea Institute for International Economic Policy)

  • Na , Su Yeob

    (Korea Institute for International Economic Policy)

  • Yeo , Jina

    (Korea Institute for International Economic Policy)

  • Park , Minsook

    (Independent)

  • Eun , Jonghak

    (Kookmin University)

Abstract

Recently, China is facing limitations in economic growth driven by the expansion of factor-inputs, which allowed China to achieve economy of scale, using its abundant labor and capital. Therefore, China now is seeking to change its paradigm of economic growth into an innovation-oriented one where knowledge increases economic productivity. As a result, investment in research and development (R&D) and patents have sharply risen. This would be a good time to assess the policies and strategies for R&D in China to draw up some meaningful implications. This study contains Chinese government policies for R&D, current state of Chinese firms 'R&D, characteristics of Chinese patents according to the new method of patent classification and Chinese firms’ reverse-innovation and globalization strategies.

Suggested Citation

  • Moon , Ik Joon & Na , Su Yeob & Yeo , Jina & Park , Minsook & Eun , Jonghak, 2013. "R&D of Chinese Firms: Characteristics and Implications," World Economy Brief 13-42, Korea Institute for International Economic Policy.
  • Handle: RePEc:ris:kiepwe:2013_042
    DOI: 10.2139/ssrn.2335925
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