Title

Knowledge capital, innovation, and growth in China

Publication Date

8-1-2015

Document Type

Article

Abstract

We study the relationship between industry-level investments in intangible knowledge capital (KC) and three key economic indicators in China. We find evidence consistent with the hypothesis that investments in KC are productivity-enhancing among domestically owned and foreign invested enterprises (FIEs). Consistent with other research, we find that China's KC generates new patents, but fewer than in major industrialized economies. Finally, we find that China's comparative advantage has shifted toward those sectors where domestic firms have made larger investments in KC, but this trend appears to be independent of the KC accumulated by FIEs.

Publication Title

Journal of Asian Economics

Volume

39

First Page

31

Last Page

42

DOI

10.1016/j.asieco.2015.05.002

Version

pre-print, post-print

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