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ID:
187868
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| Summary/Abstract |
Based on microdata from China's listed companies and macrodata for broadband internet access in prefecture-level cities, this paper explores the relationship between broadband internet and enterprise innovation. Using the change in market concentration caused by the North–South separation reform of China Telecom in 2002 as an instrumental variable, the results show that in general, a 1% increase in broadband internet access results in a 1.395% increase in the number of corporate patents. Specifically, the number of valid patents, patent citations and valid patent citations, reflecting patent quality, increases by 1.499%, 0.920% and 0.763%, respectively. The mechanistic analysis shows that broadband internet access contributes to increasing the number of R&D personnel and personal innovation efficiency, enhancing enterprises' willingness to innovate, and easing financing constraints. Further analysis suggests that broadband internet access mainly promotes invention patents rather than design patents. The innovation effect is more evident among high-tech, inventor-intensive, state-owned enterprises and enterprises located in the non-southeastern coastal region of China.
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| 2 |
ID:
083371
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| 3 |
ID:
171894
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| Summary/Abstract |
Based on data obtained from the Survey of Industrial Firms in China, the Chinese General Social Survey and prefecture‐level city data, this paper explores whether entrepreneurship will promote productivity growth in China. The research also examines whether entrepreneurship acts as a transmission mechanism affecting productivity through market competition, knowledge spillover and factor structure. Our empirical results reveal a relatively significant U‐shaped relationship between entrepreneurship and productivity and confirm the existence of a transmission mechanism of entrepreneurship. Among the three effects, the market competition effect is the most significant, followed by knowledge spillover and factor structure effects. An entrepreneurial heterogeneity test reveals that there is no significant difference between the effect of necessity entrepreneurship and overall entrepreneurship on productivity. However, a positive correlation is found between opportunistic entrepreneurship and productivity. Therefore, entrepreneurship plays a unique role in promoting economic growth in China.
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