Abstract
In this paper, we selected 1999-2015 Provincial Panel Data in China statistical yearbook. The effects of factor market distortions on international technology spillovers are discussed. In the factor market distorted elements of the market to promote the rapid growth of the economy in the short term, it may inhibit the international technology spillover effect, but the move is beneficial to realize the sustainability of high quality economic growth. The results showed that the technology spillover effects of the import trade, FDI and patent applications presented different feature in different stages. The article from the perspective of the development of technology breakthrough summarizes factors price distortions on the international technology spillover mechanism and study with the policy changes, elements of the market to improve dynamic changes, the factor price distortion effect of international technology spillovers stage effect.
Highlights
The technological progress is the power and source of a country's economic growth, and reflects the quality of economic development
Chinese economy development rely on distorted elements of the market price, the extensive growth mode cannot
This paper starts from the perspective of the Chinese factor market distortions in the, considering the shortcomings of existing research into phases of ideas, examines national policy guidance before and after the transformation, the elements of the market distortion phase influence on international technology spillover effect[2]
Summary
The technological progress is the power and source of a country's economic growth, and reflects the quality of economic development. This paper starts from the perspective of the Chinese factor market distortions in the, considering the shortcomings of existing research into phases of ideas, examines national policy guidance before and after the transformation, the elements of the market distortion phase influence on international technology spillover effect[2]. Arrangement of the structure of the rest of the paper is as follows: the second section is the theoretical model; in the third part, econometric model design, index construction and data source; the fourth part of the sample is divided into two sub intervals, capital, labor factor prices distorted effect of international technology spillovers empirical testing and result analysis; is the conclusion of this paper. This paper chooses 1999-2015 provincial panel data It measures the variables as follows: 2.1 Factor price distortion measure. Individual economy workers and employees is in the same in hypothesis
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