<p>A Study on the Misallocation Effect of Capital Combination on China’s <br /> High-tech Industry</p>
Online Publishing @ NISCAIR
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dc |
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Title Statement |
<p>A Study on the Misallocation Effect of Capital Combination on China’s <br /> High-tech Industry</p> |
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Added Entry - Uncontrolled Name |
Cao, Hui ; Donlinks School of Economics and Management, University of Science and Technology Beijing, No. 30,
Xueyuan Road, Haidian District, Beijing, 100 083, PR China Chen, Chu ; Donlinks School of Economics and Management, University of Science and Technology Beijing, No. 30, Xueyuan Road, Haidian District, Beijing, 100 083, PR China Wang, Kuan |
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Uncontrolled Index Term |
Capital combination; R&D expenditure; Non-R&D activity; Misallocation Effect |
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Summary, etc. |
<p>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.</p> |
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Publication, Distribution, Etc. |
Journal of Scientific and Industrial Research (JSIR) 2020-07-29 12:49:53 |
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Electronic Location and Access |
application/pdf http://op.niscair.res.in/index.php/JSIR/article/view/38373 |
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Data Source Entry |
Journal of Scientific and Industrial Research (JSIR); ##issue.vol## 79, ##issue.no## 05 |
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Language Note |
en |
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