| Residential College | false |
| Status | 已發表Published |
| Uncertainty and Asymmetric Responses to Induced Innovation Effect: The Case of China | |
WONG KA KEI GARY ; Zhao MQ
| |
| 2023-10 | |
| Size of Audience | 30 |
| Type of Speaker | Conference Seminar |
| Abstract | We report in this study an empirical investigation of the effects of uncertain input prices and induced innovation on China’s productivity growth based on Appelbaum and Kohli’s (1997) approach. Particularly, we estimate the input price uncertainty by the multivariate autoregressive conditional heteroskedasticity method and embed this within an expected utility maximizing model. We further extend the model by allowing for asymmetric input demand responses to input price induced innovation and then test alternative assumptions in this respect. The results indicate that the overall impact of uncertainty is significant but small. While the hypothesis of asymmetric induced innovation effects is supported by the data, we find that wage and oil price induced innovation is the main engine of productivity growth in China. |
| Keyword | Uncertainty Asymmetry Induced Innovation China Total Factor Productivity |
| Conference Date | Oct 22nd, 2023 |
| Conference Place | Seoul National Univeristy |
| Language | 英語English |
| Document Type | Presentation |
| Collection | DEPARTMENT OF ECONOMICS |
| Corresponding Author | Zhao MQ |
| Affiliation | 1.U of Macau 2.Xiamen University |
| Recommended Citation GB/T 7714 | WONG KA KEI GARY,Zhao MQ. Uncertainty and Asymmetric Responses to Induced Innovation Effect: The Case of China, Oct 22nd, 2023. |
| Files in This Item: | Download All | |||||
| File Name/Size | Publications | Version | Access | License | ||
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| uncertain_Oct_27_202（659KB） | 会议论文 | 开放获取 | CC BY-NC-SA | View Download | ||
| File name: | EAEA2023.JPG |
| Format: | JPEG |
| Resolution: | 4000x3000 |
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