Financial development and innovation in China: Evidence from the provincial data

Arbeitspapier

This paper investigates the role of regional financial development, in addition to FDI, for regional innovation in China, using a more recent provincial dataset and more sophisticated panel data estimation techniques than previous studies. Two aspects of regional financial system development are considered: its financial depth and government intervention in the financial system. Estimation results show that the financial depth of a region has a significantly positive effect on regional innovation (patenting) performance. This positive effect is found to be higher for minor innovations such as external design patents than for more complicated innovations such as utility model patents and invention patents. Surprisingly, estimation results do not show that government financial system intervention reduces allocative efficiency of resources which would otherwise impede regional innovation performance.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Kiel Working Paper ; No. 1673

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Financial Institutions and Services: General ; Innovation; Research and Development; Technological Change; Intellectual Property Rights: General ; Economywide Country Studies: Asia including Middle East ; General Regional Economics (includes Regional Data)
• Thema: Regional financial system ; FDI ; innovation ; patent ; regional study ; China ; Regionaler Finanzmarkt ; Finanzsektor ; Entwicklung ; Risikokapital ; Innovation ; Patent ; Region ; Direktinvestition ; China

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Hanley, Aoife ; Liu, Wan-Hsin ; Vaona, Andrea
• Ereignis: Veröffentlichung
• (wer): Kiel Institute for the World Economy (IfW)
• (wo): Kiel
• (wann): 2011

Weitere Informationen

• Handle: http://hdl.handle.net/10419/45867
• Letzte Aktualisierung: 10.03.2025, 11:41 MEZ