From "Made in China" to "Innovated in China
Necessity, Prospect, and Challenges
Bibliographic Data
| ID | 4029951 |
|---|---|
| Authors | Shang‐jin Wei (Center for Economic and Policy Research), Shang-Jin Wei (Columbia University), Zhuan Xie (Zhuan Xie is Research Fellow, State Administration of Foreign Exchange (SAFE) of China, Beijing, China), Xiaobo Zhang (0000-0003-0222-2515, Xiaobo Zhang is Distinguished Professor, Peking University, Beijing, China, and Senior Research Fellow, International Food Policy Research Institute (IFPRI).) |
| Year | 2017 |
| Volume | 31 |
| Issue | 1 |
| Pages | 49-70 |
| Publication date | 2017-02-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Journal of Economic Perspectives (JOURNAL) |
| Journal identifiers | ISSN: 0895-3309 • E-ISSN: 1944-7965 |
| Publisher | American Economic Association (PUBLISHER • US) |
| DOI | 10.1257/jep.31.1.49 |
| OpenAlex | W2559561648 |
| Language | EN |
| Citations received | 62 |
| References cited | 17 |
After more than three decades of high growth based on its low-wage advantage and relatively favorable demographics-in combination with market-oriented reforms and openness to the world economy-China is at a crossroads with a much higher wage and a shrinking work force. Future growth will depend, by necessity, more on the generation of increased productivity, and domestic innovation will play an important part in this. In this paper, we assess the likelihood that China can make the necessary transition. Using data on expenditure on research and development, and patent applications, receipts, and citations, we show that the Chinese economy has become increasingly innovative. We will argue that rising wages and expanding markets are among the important drivers of China's growth in innovation. On the other hand, we find evidence of resource misallocation in the innovation area: while state-owned firms receive more subsidies, private firms exhibit more innovation results. Innovation can presumably progress even faster if resource misallocation can be tackled
Business · China · Demographics · Economic growth · Economics · Labour economics · Market economy · Openness to experience · Productivity · Subsidy · Wage · Wage growth · Economic Growth and Productivity · Energy, Environment, Economic Growth · Innovation Policy and RD
Inclusive institutions and economic growth
A China E a “Socialização Do Investimento”
Socialization of Investment and Institutional Changes in China
The State as a Facilitator of Innovation
Strategic use of the second-tier patent system for short life-cycle technologies — Evidence from parallel filings in China
Social Environment and Healthy Investment Behavior
Does artificial intelligence bind labor market power? Evidence from listed manufacturing firms in China
How do tax reductions motivate technological innovation
Will Green Finance Contribute to a Green Recovery? Evidence From Green Financial Pilot Zone in China
Effects of Pandemics on Corporate Innovation
Innovators in Urban China
Dynamic impacts of intermittent trade conflicts
Import competition, state‐owned enterprise prevalence and employment
Estimating the ex‐ante and the ex‐post effects of Chinese outward FDI
Induced innovation and its impact on productivity growth in China
Environmental regulation and firm markup
Does Collective Decision-Making Promote SOEs' Green Innovation? Evidence from China
How to characterize patent quality with multiple indicators? Evidence based on economic performance of Chinese companies
The impact of patent protection on technological innovation
The importance of institutional and financial resources for export performance associated with technological innovation
Patent length and innovation
Research collaboration beyond the boundary
Intercity Innovation Collaboration and Catch‐Up of Laggard Cities
Contesting coercion
Subsidy policies for EV charging infrastructure in China
The evolution of international innovation collaboration trajectories and patterns from a global value chain perspective
Revisiting the relationship between industrial policy and firm innovation
Sino-American Clash of Hegemony
The rise of Baidu, Alibaba and Tencent (BAT) and their role in China’s Belt and Road Initiative (BRI)
Wage increase and innovation in manufacturing industries
Fiscal decentralization and interregional Capital misallocation
Does Anti-Corruption Enforcement Trigger Bureaucratic Slack in China? The Moderating Effect of an Administrative Reform
The impact of extreme temperature on labor wage
Does air pollution decrease labor share? Evidence from China
Deciphering the Chinese Economic Miracle
Revisiting research on firm-level innovation in rural areas
Urban planning as a way to pursue quality-oriented urbanization
Are China’s regional agricultural productivities converging
Are Chinese cities getting smarter in terms of knowledge and technology they produce
Judicial institution and innovation
Moving Umbrella”
China's rising IQ (Innovation Quotient) and growth
Searching for a new dynamic of industrialization and urbanization
Capital switching, spatial fix, and the paradigm shifts of China’s urbanization
Government data accessibility and firm dynamics
Chinese management studies
The Impacts of Uncertainty, and Asymmetric Induced Innovation on China's Productivity Growth
Shifts in graduate mobility between Chinese cities during Covid-19
R&D Expenditure and Firms’ Exports
How does green technology innovation influence industrial structure? Evidence of heterogeneous environmental regulation effects
Bridging green innovation and energy efficiency
R&D responses to labor cost shock in China
Orderly and synergistic development of urban-rural integration based on evolutionary game model
Industrial policy and carbon emissions
Towards inclusive urban development? New knowledge/creative economy and wage inequality in major Chinese cities
Consistencies and inconsistencies in urban governance and development
Creating a makerspace in a characteristic town
Sustainable development in China
An attempt to open up a new path of rural development? rural transformational development under the characteristic town strategy in China
An Overview of the Proximate Determinants of Economic Growth in Indonesia Since 1960
Uncertainty shocks, transnational innovation collaboration, and Chinese firm innovation
Center-based childcare expansion and grandparents' employment and well-being
The puzzle of migrant labour shortage and rural labour surplus in China
Market Size in Innovation
China has reached the Lewis turning point
Misallocation and Manufacturing TFP in China and India
The Skill Content of Recent Technological Change
The Fundamental Institutions of China's Reforms and Development
The patterns of patents in China
The Competitive Saving Motive
Understanding China's Growth
Federalism as a Commitment to Preserving Market Incentives
| Unique citing works | 62 |
|---|---|
| Citations per year | 6,89 |
| Citation span | 2017 - 2026 (10) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 59 |