BOFIT Discussion Papers, Institute for Economies in Transition, Bank of Finland
No 5/2005:
S&T activities and firm performance - microeconomic evidence from manufacturing in Shanghai
Pingfang Zhu, Lei Li and Nannan Lundin
Abstract: This paper examines the impact of R&D expenditure and
technology import on the level and the growth of productivity, as well as
on the general economic performance in manufacturing firms with various
ownership structures in Shanghai, China. The empirical analyses are based
on the firm-level information of a sample of manufacturing firms for the
period 1998–2003. We find clear-cut evidence indicating that firms with
foreign participation have a productivity advantage over their domestic
counterparts. The expenditures on technology import not only have a direct
and positive effect on productivity, but also indirectly enhance the
absorptive capacity of firms to facilitate in-house R&D activities. This is
particularly true for firms with foreign participation, or for firms in
sectors with relatively high technical standards. Furthermore, R&D
expenditure and technology import may also have positive effects on
profitability and export performance, depending on the ownership structure
of the firm and the technical standard in the sector.
Keywords: Science and Technology policy; Science and Technology investment; R&D; (follow links to similar papers)
JEL-Codes: L52; O32; O38; (follow links to similar papers)
44 pages, July 8, 2005
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