Title

Intangible Capital, Innovation, and Growth in China

Publication Date

7-27-2014

Document Type

Conference Proceeding

Abstract

We study the relationship between industry-level investments in intangible capital (IC) and three key economic indicators in China. We find that investments in IC are productivity-enhancing among Chinese enterprises—more so in domestically owned than in foreign invested enterprises. Consistent with other research, we find that China’s IC generates new patents, but fewer than in major industrialized economies. Among domestically owned enterprises, we find that IC growth has been associated with increasing export-competitiveness, while among foreign invested enterprises, it has been oriented more toward improving domestic sales.

Publication Title

Agricultural and Applied Economics Association; 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota

Volume

171957

Version

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