A Study on the Misallocation Effect of Capital Combination on China's High-tech Industry

被引：0
|
作者：
Cao, Hui [1 ]
Chen, Chu [1 ]
Wang, Kuan [1 ]
机构：
[1] Univ Sci & Technol Beijing, Donlinks Sch Econ & Management, 30 Xueyuan Rd, Beijing 100083, Peoples R China
来源：
JOURNAL OF SCIENTIFIC & INDUSTRIAL RESEARCH | 2020年 / 79卷 / 05期
关键词：
Capital combination; R&D expenditure; Non-R&D activity; Misallocation Effect;
D O I：
暂无
中图分类号：
T [工业技术];
学科分类号：
08 ;
摘要：
This paper aims to investigate the misallocation effect of different capital combinations accumulated from R&D and non-R&D activity in China's high-tech industry. Using a conceptual model, the study first establishes an equilibrium combination derived from the firm's behavior, and then analyzes the misallocation situation in China's high-tech industry from 2003-2016. The findings indicate that the misallocation effect becomes clearer in the Chinese high-tech industry as input increases, and increased non-R&D activity worsens the misallocation.
引用
收藏
页码：387 / 390
页数：4
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