Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/192887 
Erscheinungsjahr: 
2018
Schriftenreihe/Nr.: 
Working Paper No. 277
Verlag: 
University of Zurich, Department of Economics, Zurich
Zusammenfassung: 
This paper investigates the effect of domestic market size on innovation activities across different durable good industries in the Chinese manufacturing sector. We address the endogeneity of market size by an IV strategy, based on a measure of potential market size, which is driven only by changes in the Chinese income distribution. This measure is exogenous to changes in prices and qualities of durable goods and is a valid instrument for expected future market size. Our results indicate that an increase in market size by one percent leads to an increase in firm-specific total factor productivity by 0.46 percent and an increase in labor productivity by 0:50 percent. These findings are robust to controlling for export behavior of firms and supply side drivers of R&D.
Schlagwörter: 
China
Demand-Induced Innovation
Directed Technical Change
Durable Goods
Economic Growth
Engel Curves
Market Size
Middle Class
Non-homothetic Preferences
JEL: 
D31
L11
L68
O31
O33
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

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