Innovation and its growth effects in China

Sun, Sizhong (2021) Innovation and its growth effects in China. In: Song, Ligang, and Zhou, Yixiao, (eds.) China's Challenges in Moving towards a High-Income Economy. China Update Series . ANU Press, Canberra, ACT, Australia, pp. 134-155.

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Abstract

This chapter explores the aggregate innovation activities and their growth effects in China. First, innovations in China are on an increasing trajectory, with the growth showing little evidence of slowing down. Second, innovations appear to promote economic growth in the long run both at the national and industry levels. Third, there is a lack of short run growth effect from innovations at the national level. In light of the growth effect of innovations and increasingly binding resource constraints, innovations are likely to play an important role in China's future economic growth.

Item ID: 69264
Item Type: Book Chapter (Research - B1)
ISBN: 978-1-76046-453-0
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Copyright Information: This title is published under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0).
Date Deposited: 14 Sep 2021 00:08
FoR Codes: 38 ECONOMICS > 3801 Applied economics > 380109 Industry economics and industrial organisation @ 100%
SEO Codes: 15 ECONOMIC FRAMEWORK > 1503 Management and productivity > 150306 Technological and organisational innovation @ 50%
15 ECONOMIC FRAMEWORK > 1502 Macroeconomics > 150203 Economic growth @ 50%
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