R&D Returns, Spillovers, and Firm Incentives : Evidence from China

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dc.creatorGoh, Chorching
dc.creatorLi, Wei
dc.creatorXu, Lixin Colin
dc.date2015-02-13T19:14:28Z
dc.date2015-02-13T19:14:28Z
dc.date2015-02
dc.date.accessioned2026-07-01T00:53:36Z
dc.descriptionThis paper uses a new data set of 12,000 firms in China to estimate the returns to research and development investment and its spillover effects, and investigates how the returns to research and development depend on firm incentives. For the firms in the sample, the results show that on average firm output increases around 0.4 yuan for each additional 1 yuan spent on research and development in the previous year, and there is high research and development return regardless of whether the analysis deals with the endogeneity of research and development intensity. Interestingly, the marginal return to research and development is significantly higher in firms whose chief executive officers were not appointed by the government and lower when the chief executive officer's pay is directly related to annual performance. The return to research and development is higher in relatively poor regions and for firms with worse access to finance. There are also non-trivial research and development spillover effects.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2015/02/23981047/rd-returns-spillovers-firm-incentives-evidence-china
dc.identifierhttps://hdl.handle.net/10986/21450
dc.identifier10.1596/1813-9450-7191
dc.identifier.urihttp://hdl.handle.net/123456789/412568
dc.languageEnglish
dc.languageen_US
dc.publisherWorld Bank Group, Washington, DC
dc.relationPolicy Research Working Paper;No. 7191
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectAGRICULTURAL PRODUCTION
dc.subjectAGRICULTURE
dc.subjectANATOMY
dc.subjectCOMPETITIVENESS
dc.subjectDECENTRALIZATION
dc.subjectDEVELOPMENT RESEARCH
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMICS
dc.subjectELECTRICITY
dc.subjectEQUIPMENT
dc.subjectEQUIPMENTS
dc.subjectFARMERS
dc.subjectFARMS
dc.subjectFOOD PROCESSING
dc.subjectFOOD PRODUCTION
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectHANDICRAFT
dc.subjectHANDICRAFT PRODUCTS
dc.subjectHOUSING
dc.subjectID
dc.subjectINDUSTRIAL ECONOMIES
dc.subjectINNOVATION
dc.subjectINTEGRATION
dc.subjectMACHINERY
dc.subjectMANUFACTURING
dc.subjectMANUFACTURING INDUSTRIES
dc.subjectMARKET OPPORTUNITIES
dc.subjectMATERIAL
dc.subjectMEDIUM ENTERPRISES
dc.subjectNEW TECHNOLOGY
dc.subjectOPEN ACCESS
dc.subjectPC
dc.subjectPRIVATE SECTOR
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectPRODUCTIVITY
dc.subjectR&D
dc.subjectR&D EXPENDITURES
dc.subjectRESEARCH WORKING PAPERS
dc.subjectRESULT
dc.subjectRESULTS
dc.subjectSCENARIO
dc.subjectTECHNOLOGICAL INNOVATION
dc.subjectTECHNOLOGY TRANSFER
dc.subjectTELECOMMUNICATIONS
dc.subjectTEXTILES
dc.subjectUSES
dc.subjectVALIDITY
dc.subjectWEB
dc.titleR&D Returns, Spillovers, and Firm Incentives : Evidence from China

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