China’s Transition to a More Innovative Economy: Progress and Challenges

Wei, Shang‐Jin; Xie, Zhuan; Zhang, Xiaobo

doi:10.22459/cnseg.07.2017.08

Cited by 6 publications

(2 citation statements)

References 23 publications

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“…It 44 is also documented that relying on SOEs to pursue a top-down approach to innovation results in misallocation of resources (Wei et al, 2016). In this aspect, encouraging private firms, which are generally discriminated, to go public may be a way to better utilize the capital market in terms of promoting firm innovation.…”

Section: Discussion and Policy Implicationsmentioning

confidence: 99%

The effect of institutional ownership on firm innovation: Evidence from Chinese listed firms

2017

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Die Dis cus si on Pape rs die nen einer mög lichst schnel len Ver brei tung von neue ren For schungs arbei ten des ZEW. Die Bei trä ge lie gen in allei ni ger Ver ant wor tung der Auto ren und stel len nicht not wen di ger wei se die Mei nung des ZEW dar.Dis cus si on Papers are inten ded to make results of ZEW research prompt ly avai la ble to other eco no mists in order to encou ra ge dis cus si on and sug gesti ons for revi si ons. The aut hors are sole ly respon si ble for the con tents which do not neces sa ri ly repre sent the opi ni on of the ZEW. and 2011, we find that the presence of institutional investors enhances firm innovation.Consistent with the monitoring view, we further find that (1) the effect of institutional investors on firm patenting mainly comes from mutual funds; (2) the effect is more pronounced when market competition is more intense; (3) the effect exists among private-and minor state-owned enterprises, but not among major state-owned enterprises.The above findings are robust when innovation quality is examined.

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Section: Discussion and Policy Implicationsmentioning

confidence: 99%

The effect of institutional ownership on firm innovation: Evidence from Chinese listed firms

2017

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“…The (superficial) indicators of the first group reflecting China's economic development have improved remarkably within a short period of time. This is impressive by all means even if most analysts have rightly pointed out that these results could have been achieved more efficiently with a slower pace and/or with fewer resources (Hong et al 2016;Howell 2017;Wei et al 2017 the opposite view is expressed by Hu -Yongxu 2019). Nevertheless, not just superficial indicators prove that the Chinese economy is moving closer to the more advanced knowledge-based economies: in the past few years, it has become increasingly apparent how extensive efforts are beginning to reap results in intensive development.…”

Section: Discussionmentioning

confidence: 99%

The digital great leap forward mapping China's 21st century attempt to create a new growth model

Szunomár

2020

AOecon

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The recent successes of the Chinese modernisation strategy are substantiated by an array of indicators showing an impressive improvement. Irrespective of China's current growth deceleration, these indicators suggest a highly effective implementation of an ambitious roadmap that can ultimately help China to catch up and achieve a global technological leadership. Still, some scholars point to deep structural deficiencies, and maintain that these indicators – however impressive they are – merely scratch the surface, while much deeper change is required in order to maintain economic growth. Therefore, the purpose of this paper (finalized before the ongoing COVID-19 crisis) is to contribute to this burgeoning literature – documenting the outcome and analysing the implications of China's efforts to embrace a new growth model – and analyse the chances of the Chinese digital great leap forward, that is the radical transformation of its prior modernisation trajectory. Drawing on a systematic review of the literature, the author maps, presents and analyses existing indicators quantifying China's progress in shifting to this new development trajectory, identifying also the gaps in the conventional measurement approaches. According to the findings of this paper, there are several easy-to-measure indicators, often used in international comparisons, that indeed confirm the optimistic scenario of China's development prospects in the near future. On the other hand, some hard-to-quantify factors, such as the localization of knowledge and the spreading of innovation, need to be also considered. These latter show a closer association with countries' development level as well as development potential. With regards to these latter particularities, China still has a long way to go.

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Pursuing Policy Alignments for World-Class Economic and Educational Performance in the Greater Bay Area of China

Oleksiyenko

Liu

2021

Third International Handbook of Globalisation, Education and Policy Research

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China’s Transition to a More Innovative Economy: Progress and Challenges

Cited by 6 publications

References 23 publications

The effect of institutional ownership on firm innovation: Evidence from Chinese listed firms

The effect of institutional ownership on firm innovation: Evidence from Chinese listed firms

The digital great leap forward mapping China's 21st century attempt to create a new growth model

Pursuing Policy Alignments for World-Class Economic and Educational Performance in the Greater Bay Area of China

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