| R＆D,Human Capital Investment and Productivity： Firm-level Evidence from China＇s Electronics Industry |
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| 作者姓名： | Chih-Hai Yang Chun-Hung Lin Daw Ma |
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| 作者单位： | [1]National Central University, Jhongli, Taiwan [2]Tamkang University, Tamsui, Taiwan [3]Chung-Hua Institution for Economic Research, Taipei, Taiwan |
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| 摘 要： | Usingfirm-level panel data covering 2005-2007, the present paper examines the effects of R＆D and human capital investment on productivity in China＇s electronics industry. It is found that both R＆D and on-the-job training positively contribute to total factor productivity （TFP）. Firms＇ investment inemployees＇ health insurance andpensions, whichare components of workers＇ compensation, generate a productivity-enhancing effect, supporting the efficiency wage hypothesis. The estimated impact of R＆D on productivity varies among different forms of ownership, and foreign-owncd enterprises experience higher R＆D efficiency than state or private enterprises. After controlling for potential endogenous causality between TFP and R＆D, the above findings remain unchanged We also find that on-the-job training can improve the quality of human capital and is helpful in promoting productivity. Therefore, establishing indigenous technological capability through various technological sources is quite important, and the government should devote further effort to investing in human capital.
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| 关 键 词： | 人力资本投资 全要素生产率 因果关系 技术能力 技术来源 生产力 内源性 保险 |
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