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Frontiers of Economics in China

ISSN 1673-3444

ISSN 1673-3568(Online)

CN 11-5744/F

邮发代号 80-978

Frontiers of Economics in China  2008, Vol. 3 Issue (4): 548-559   https://doi.org/10.1007/s11459-008-0027-3
  research-article 本期目录
Demand-oriented innovation of firms in China: An empirical study
Demand-oriented innovation of firms in China: An empirical study
XU Changsheng , WANG Jingjing , WANG Hai
School of Economics, Huazhong University of Science and Technology, Wuhan 430074, China
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Abstract

This paper analyzes the interrelationship among competition, market size and innovation by using the data from total 37 industries in China within a simultaneous equations model. It finds that: (1) Competition and innovation are mutually-enhanced, and this is the consequence of the long-run Darwinian effect in competitive market; (2) Market size and innovation are also positively correlated, because firms’ innovation is essentially demand-oriented (market-oriented), and innovation impelling technological progress will finally increase market size; (3) Between competition and market size, the effect of competition on market size is ambiguous, while the reverse is significantly positive. The policy implication of this paper is as follows: under the condition that China has especially huge market size and market demand, the industry policy of intensifying competition can stimulate firms’ persistent demand-oriented innovation.

Key wordscompetition    market size    demand-oriented innovation
出版日期: 2008-12-05
Corresponding Author(s): WANG Hai,Email:wanghai_hust@126.com   
 引用本文:   
. Demand-oriented innovation of firms in China: An empirical study[J]. Frontiers of Economics in China, 2008, 3(4): 548-559.
XU Changsheng , WANG Jingjing , WANG Hai. Demand-oriented innovation of firms in China: An empirical study. Front Econ Chin, 2008, 3(4): 548-559.
 链接本文:  
https://academic.hep.com.cn/fec/CN/10.1007/s11459-008-0027-3
https://academic.hep.com.cn/fec/CN/Y2008/V3/I4/548
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