Chinas Variety of Capitalism and Its Implications for Innovation
This paper argues that the unique variety of capitalism now been practiced in China has profound implications for the technological innovation patterns among major players within the Chinese economy.We fast show that the Chinese variety of capitalism is unique because it features a dualistic economic structure, where economic players such as the state-owned enterprises engage with markets in highly coordinated fashion, with several government agencies coordinating these enterprises activities; at the same time, most of the private domestic firms operate in a way that fits the liberal market economic models.We then apply this tramework to exphin the technological innovation patterns among different types of Chinese firms.We expect to see that firms from the coordinated market economy camp tend to have innovations that are incremental to their existing stock of technology, whereas firms from the liberal market economy camp tend to have innovations that are radically different from their existing stock of technology.We conduct two sets of comparisons to empirically test this hypothesis.
variety of capitalism technological innovation Chinese model of market economy
ZHOU Qiang
Shanghai University of Finance and Economics
国际会议
The 1st Chinese Conference on Comparative Political Economy (第一届比较政治经济学国际学术会议)
北京
英文
41-56
2013-09-08（万方平台首次上网日期，不代表论文的发表时间）