FDI, R&D and Innovation Output in the Chinese Automobile Industry
Chen, Fang and Mohnen, Pierre (2009). FDI, R&D and Innovation Output in the Chinese Automobile Industry. UNU-MERIT.
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Author Chen, Fang
Mohnen, PierreTitle FDI, R&D and Innovation Output in the Chinese Automobile Industry Publication Date 2009 Publisher UNU-MERIT Abstract After joining the World Trade Organization (WTO), China witnessed a major inflow of Foreign Direct Investment (FDI). Many famous automobile firms of developed countries were attracted to invest in China to cooperate with domestic firms. This paper uses firm-level data of the Chinese automobile industry to analyze the determinants of, and the interrelationships between, innovation input and innovation output, and in particular whether FDI had any influence on these two aspects of innovation. A generalized tobit model will be estimated for both R&D and the share of innovative sales for 2002/2003 and 2005/2006. The findings show that FDI firms are less R&D intensive but, when they innovate in new products, they are more product innovative than domestic-funded firms. Keyword FDI
China
R&D
Innovation
Automobile industryJEL O14
L62
F21Copyright Holder UNU-MERIT Copyright Year 2009 ISSN 1871-9872 -
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