Innovation and its growth effects in China

Other Publication ResearchOnline@JCU
Sun, Sizhong
Abstract

This chapter explores the aggregate innovation activities and their growth effects in China. First, innovations in China are on an increasing trajectory, with the growth showing little evidence of slowing down. Second, innovations appear to promote economic growth in the long run both at the national and industry levels. Third, there is a lack of short run growth effect from innovations at the national level. In light of the growth effect of innovations and increasingly binding resource constraints, innovations are likely to play an important role in China's future economic growth.

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Publication Name

China's Challenges in Moving towards a High-Income Economy

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ISBN/ISSN

978-1-76046-453-0

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Pages Count

22

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Publisher

ANU Press

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Publisher Location

Canberra, ACT, Australia

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DOI

10.22459/CCMTHE.2021