自主研发与知识积累:基于金融发展视角的门限模型研究

doi:10.16381/j.cnki.issn1003-207x.2015.05.010

Abstract

Abstract: Recent studies show that there are intimate connections between independent research and knowledge accumulation.With continuously improve of efficiency of credit allocative in China,it is necessary that analysis the impact of independent research on knowledge accumulation.The nonlinear panel data threshold model consisting of China's provincial panel data during 2002 and 2009 is constructed,and financial development is taken as the threshold variable,studing the nonlinear impact of independent research on knowledge accumulation and the threshold effect of financial development. On this basis, we analysis the trend of financial development is analyzed,which has an effect on the impact of independent research on knowledge accumulation. The results show: the effects of independent research on knowledge accumulation have a significant single threshold effect. When the degree of financial development exceeds the threshold value, the independent research has a bigger promotion effect on the knowledge accumulation. After 2008, most of the provinces in China cross the threshold value and reached the regional of the higher degree of financial development. Independent research has a bigger promote effect on the knowledge accumulation.A better understanding of the relationship between independent research and knowledge accumulation is provided, the extension of this problem by Ang expanded,and a reference for government departments formulate relevant policies is provided.

Key words: financial development, independent research, knowledge accumulation, panel data, threshold effect

CLC Number:

F830.1

YAN Tai-hua, LIU Huan-peng. Independent Research and Accumulation of Knowledge: Research on the Threshold Model from the Perspective of Financial Development[J]. Chinese Journal of Management Science, 2015, 23(5): 73-81.

References

[1] 吴延兵. 自主研发、技术引进与生产率[J]. 经济研究, 2008, (8): 51-63.

[2] Romer P M. The origins of endogenous growth[J]. Journal of Economic Perspectives, 1994, 8(1): 3-22.

[3] Brucker P F. Post-capitalist society[M]. New York: Butterworth Heineman, 1993.

[4] 解维民, 方红星. 金融发展、融资约束与企业研发投入[J]. 金融研究, 2011, (5): 171-183.

[5] Zhang Weibin,Sweden S. A development model of developing economies with capital and knowledge accumulation[J]. Journal of Economics, 1992, 55(1): 43-63.

[6] Padoan P C. Trade, knowledge accumulation and diffusion: A sectoral perspective[J]. Structural Change and Economic Dynamics, 1998, 9(3): 349-372.

[7] Meckl J. Accumulation of technological knowledge, wage differentials, and unemployment[J]. Journal of Macroeconomics, 2004, 26(1): 65-82.

[8] Kobayashi N. An empirical study about the impact of knowledge accumulation on the development of regional industry[R]. Discussion Paper,Kwansei Gakuin University, 2008.

[9] West J, Iansiti M. Experience, experimentation, and the accumulation of knowledge: The evolution of R&D in the semiconductor industry[J]. Research Policy, 2003, 32(5): 809-825.

[10] Doraszelski U. An R&D race with knowledge accumulation[J]. Rand Journal of Economics, 2003, 34(1): 20-42.

[11] Cassidy M, Görg H, Strobl E. Knowledge accumulation and productivity: evidence from plant level data for ireland[J]. Scottish Journal of Political Economy, 2005, 52(3):344-358.

[12] Chang Suchao, Lee M. The linkage between knowledge accumulation capability and organizational innovation[J]. Journal of Knowledge Mangement, 2008, 12(1): 3-20.

[13] Sosa M L. Application-specific R&D capabilities and the advantage of incumbents: Evidence from the anticancer drug market[J]. Management Science,2009,55(8):1409-1422.

[14] Appleyard M M. The influence of knowledge accumulation on buyer-supplier codevelopment projects[J]. The Journal Product Innovation Management, 2003, 20(5): 356-373.

[15] Singh K, Ang S H, Leong S M. Increasing replication for knowledge accumulation in strategy research[J]. Journal of Management, 2003, 29(4): 533-549.

[16] Steinmetz A. Competition, innovation and the effect of knowledge accumulation[R].Discussion Paper, BGPE,2008.

[17] Ang J B. Financial reforms, patent protection, and knowledge accumulation in India[J]. World Development, 2010, 38(8): 1070-1081.

[18] Shafiei E, Ghofrani M, Sabooi Y. Dynamics of knowledge accumulation in technology follower countries: A system dynamics approach[J]. Journal of Systems Science and Systems Engineering, 2009, 18(3): 312-340.

[19] Vu T. Contentious mass politics in Southeast Asia: Knowledge accumulation and cycles of growth and exhaustion[J]. Theory and Society, 2006, 35(4): 393-419.

[20] Zhou K Z, Li C B. How knowledge affects radical innovation:Knowledge base, market knowledge acquisition, and internal knowldge sharing[J].Steategic Management Journal,2012,33(19):1090-1102.

[21] 刘刚. 知识积累和企业的内生成长[J]. 南开经济研究, 2002, (2): 47-51.

[22] 陈亮, 陈忠, 韩丽川, 等. 基于社会网络分析的企业员工知识存量测度及实证研究[J]. 管理工程学报, 2009, 23(4): 49-53.

[23] 江旭, 高山行. 知识积累与获取对企业创新的交互作用研究[J]. 研究与发展管理. 2010, 22(6): 8-13.

[24] 刘凤良, 郭杰. 资源可耗竭、知识积累与内生经济增长[J]. 中央财经大学学报, 2002, (11): 64-67.

[25] 翁逸群. 知识积累、经济增长与产业结构演进[J]. 预测, 2002, 21(1): 37-39.

[26] 许治, 周寄中. 影响我国基础研究强度因素—基于AH模型的一种解释[J]. 科研管理, 2008, (5): 63-69.

[27] 秦剑. 研发/制造/营销跨职能整合与新产品开发:产品创新性的差异效应研究[J].中国管理科学,2014,22(1):130-138.

[28] 陈国权,张中鑫,赵慧群. 企业环境下个人获取知识和输出知识能力对组织公民行为影响的研究[J].中国管理科学,2013,21(3):178-184.

[29] Jaffee D, Russell T. Imperfect information, uncertainty and credit rationing[J]. Quarterly Journal of Economics, 1976, 90(4): 651-666.

[30] Hansen B E. Inference when a nuisance parameter is not identified under the null hypothesis[J]. Econometrica, 1996, 64(2): 413-430.

[31] Hansen B E. Threshold effects in non-dynamic panels: Estimation, testing and inference[J]. Journal of Econometrics, 1999, 93(2): 345-368.

[32] Ang J B. Financial development, liberalization and technological deepening[J]. European Economic Review, 2011, 55(5): 688-701.

[33] 张军, 金煜. 中国的金融深化和生产率关系的再检测: 1987 —2001[J]. 经济研究, 2005, (11): 34-45.

[34] 樊纲, 王小鲁. 中国市场化指数—各地区市场化相对进程报告[J]. 经济研究,2003,(3):9-18.

[35] Coe D,Helpman E. International R&D spillovers[J]. European Economic Review, 2009,53 (7): 723-741.

[36] 詹宇波, 刘荣华, 刘畅. 中国内资企业的技术创新是如何实现的?[J]. 世界经济文汇, 2010, (1): 50-63.

Independent Research and Accumulation of Knowledge: Research on the Threshold Model from the Perspective of Financial Development

PDF (PC)

Knowledge

Abstract

Cite this article

share this article

References

Related Articles 15

Metrics

Comments

Recommended 10

[1]	ZHAO Gong-min, YU Li-ping, DAI Hua-yong. Innovation Quantity, Innovation Quality and Foreign Trade Export [J]. Chinese Journal of Management Science, 2021, 29(2): 61-68.
[2]	WANG Yu-ze, LUO Neng-sheng. The Effect of Outward Foreign Direct Investment on the Income Inequality in Home Country: A Study Based on Transnational Panel Data [J]. Chinese Journal of Management Science, 2019, 27(4): 1-12.
[3]	SUN Bo, LIU Shan-shi, JIANG Jun-hui, GE Chun-mian, ZHOU Huai-kang. The Financial Constraints and Firm Innovation: From the Perspective of Human Capital Network [J]. Chinese Journal of Management Science, 2019, 27(4): 179-189.
[4]	PAN Wei, XIONG Jian-wu. An Empirical Study on Electricity Consumption, Economic Growth and CO₂ Emission-Panel Data of China [J]. Chinese Journal of Management Science, 2018, 26(3): 152-159.
[5]	WU Xin-yu, LI Xin-dan, MA Chao-qun. Threshold Realized Stochastic Volatility Model and its Empirical Test [J]. Chinese Journal of Management Science, 2017, 25(3): 10-19.
[6]	LUO Rong-hua, LAN Wei, YANG Yun-hong. Interim Performance and Active Management of Mutual Fund: Theory and Evidence [J]. Chinese Journal of Management Science, 2015, 23(8): 158-167.
[7]	MA Ning, YAN Tai-hua, JI Xin-long. Analysis on Venture Capital and Intellectual Capital Synergetic Condition [J]. Chinese Journal of Management Science, 2015, 23(3): 24-31.
[8]	LI Bin, ZHANG Suo-di. Heterogeneous Environments' Influence on Housing Supply Regulation [J]. Chinese Journal of Management Science, 2015, 23(2): 139-147.
[9]	LI Miao-miao, XIAO Hong-jun, ZHAO Shuang. Studyon the Relationship among the Financial Development, Technological Innovation and Economic Growth Based on China's Provincial Panel Data [J]. Chinese Journal of Management Science, 2015, 23(2): 162-169.
[10]	HUANG Ran, TANG Qi-ming. Analyzing the Jump Dynamics of Asset Price in Jump-GARCH Model with Variable Intensity [J]. Chinese Journal of Management Science, 2014, 22(6): 1-9.
[11]	RUAN Su-mei, DING Zhon-ming, LIU Yin-guo, YANG Shan-lin. "Inverse-U" Shape Hypothesis Testing on Equity Restriction and Value-creating Ability of Companies ——Empirical Results based on Panel Data Model [J]. Chinese Journal of Management Science, 2014, 22(2): 119-128.
[12]	YANG Yong, ZHU Qian, DA Qing-li. Study on the Spatial Spillovers of Provincial Entrepreneurship in China [J]. Chinese Journal of Management Science, 2014, 22(11): 105-113.
[13]	ZHANG Jun, XU Qing-rui, ZHANG Su-ping. Knowledge Accumulation, Knowledge Reactivation and Innovation Capabilities [J]. Chinese Journal of Management Science, 2014, 22(10): 142-148.
[14]	WU Zhen-xin, XIE Xiao-jing, WANG Shu-ping. The Influence of Economic Development and Industrial Structure to Carbon Emission Based on China’s Provincial Panel Data [J]. Chinese Journal of Management Science, 2012, (3): 161-166.
[15]	LU Jing. Theoretical and Empirical Study on the Relationship between Financial Development and Economic Growth——Cointegration Analysis on Provincial Panel Data of China [J]. Chinese Journal of Management Science, 2012, (1): 177-184.