TY - JOUR
T1 - Technology diversity and development
T2 - Evidence from China's industrial enterprises
AU - Fisher-Vanden, Karen
AU - Jefferson, Gary H.
PY - 2008/12/1
Y1 - 2008/12/1
N2 - This paper investigates the phenomenon of individual firms simultaneously developing and adopting technical change with varying factor biases. Firms in a large panel of Chinese industrial enterprise data exhibit three channels of technical change, each associated with different patterns of firm-level factor bias and strategic purpose. The neo-classical growth process, associated with Harrod-neutral technical change, drives capital deepening. In-house R&D is found to be robustly labor- and material-using and capital- and energy-saving thereby capitalizing on China's comparative advantage. Finally, the purchase of imported technologies, which are comparatively capital-using, focuses on new product development. These diversified channels of technical change reveal a pattern of developing country technical change that is far more diversified than that suggested by the conventional growth literature. Journal of Comparative Economics 36 (4) (2008) 658-672.
AB - This paper investigates the phenomenon of individual firms simultaneously developing and adopting technical change with varying factor biases. Firms in a large panel of Chinese industrial enterprise data exhibit three channels of technical change, each associated with different patterns of firm-level factor bias and strategic purpose. The neo-classical growth process, associated with Harrod-neutral technical change, drives capital deepening. In-house R&D is found to be robustly labor- and material-using and capital- and energy-saving thereby capitalizing on China's comparative advantage. Finally, the purchase of imported technologies, which are comparatively capital-using, focuses on new product development. These diversified channels of technical change reveal a pattern of developing country technical change that is far more diversified than that suggested by the conventional growth literature. Journal of Comparative Economics 36 (4) (2008) 658-672.
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U2 - 10.1016/j.jce.2008.07.003
DO - 10.1016/j.jce.2008.07.003
M3 - Article
AN - SCOPUS:55149117744
VL - 36
SP - 658
EP - 672
JO - Journal of Comparative Economics
JF - Journal of Comparative Economics
SN - 0147-5967
IS - 4
ER -