From Imitation to Innovation: Where Is All That Chinese R&D Going?

被引：41
作者：
Konig, Michael [1 ,2 ]
Storesletten, Kjetil [2 ,3 ]
Song, Zheng [4 ]
Zilibotti, Fabrizio [5 ,6 ]
机构：
[1] Vrije Univ Amsterdam, Dept Spatial Econ, Amsterdam, Netherlands
[2] CEPR, London, England
[3] Univ Minnesota, Dept Econ, Minneapolis, MN 55455 USA
[4] Chinese Univ Hong Kong, Dept Econ, Hong Kong, Peoples R China
[5] Yale Univ, Dept Econ, New Haven, CT 06520 USA
[6] NBER, Cambridge, MA 02138 USA
来源：
ECONOMETRICA | 2022年 / 90卷 / 04期
关键词：
China; imitation; innovation; misallocation; productivity; R&D; subsidies; Taiwan; TFP growth; traveling wave; GROWTH; PRODUCTIVITY; ECONOMICS; SELECTION; DIFFUSION; MODELS; WORK;
D O I：
10.3982/ECTA18586
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We construct an endogenous growth model with random interactions where firms are subject to distortions. The TFP distribution evolves endogenously as firms seek to upgrade their technology over time either by innovating or by imitating other firms. We use the model to quantify the effects of misallocation on TFP growth in emerging economies. We structurally estimate the stationary state of the dynamic model targeting moments of the empirical distribution of R&D and TFP growth in China during the period 2007-2012. The estimated model fits the Chinese data well. We compare the estimates with those obtained using data for Taiwan and perform counterfactuals to study the effect of alternative policies. R&D misallocation has a large effect on TFP growth.
引用
收藏
页码：1615 / 1654
页数：40
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