State Enterprises, Economic Growth, and Distribution

Publisher's note

“…For example, empirical research using data about 38 Chinese new energy enterprises from 2009 to 2013 finds that new energy enterprises are generally inefficient when it comes to innovating (Wang et al, 2016). It is also found that state ownership enables firms to obtain crucial R&D resources but makes them less efficient in using those resources to generate innovation (Li and Li, 2013;Zhou et al, 2017). As a result, the level of inputs is not consistently translated into successful innovation outputs.…”

“…When China embarked on its reform and opening-up drive in 1979, the country made science and technology modernisation one of the four pillars of the new initiative. Forty years on, China has transformed itself from a poverty-stricken, economically backward country into the world's second largest economy and equally impressively from the backwater of global innovation to the world' hub of science and innovation (Li and Li, 2013). China's remarkable progress in innovation has been well documented (Ding and Li, 2015;Fu, 2015).…”