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Article
Intangible Capital, Innovation, and Growth in China
Agricultural and Applied Economics Association; 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota
  • Belton M. Fleisher
  • William H. McGuire, University of Washington Tacoma
  • Adam N. Smith
  • Mi Zhou
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.
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Citation Information
Belton M. Fleisher, William H. McGuire, Adam N. Smith and Mi Zhou. "Intangible Capital, Innovation, and Growth in China" Agricultural and Applied Economics Association; 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota Vol. 171957 (2014)
Available at: http://works.bepress.com/william_mcguire/2/