The Loss of Technology in Chinese Elitism:Evidence from Economics View
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| Title | The Loss of Technology in Chinese Elitism:Evidence from Economics View
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| Author | Ding Zhong and Deng Kebin |
| Organization | School of Accounting，Guangdong University of Foreign Studies,School of Economics and Commerce, South China University of Technology |
| Email | 86363808dindin@163.com；dengkebin@tom.com |
| Key Words | Elitism; Technological revolution; Political connections; The question of Qian Xuensen |
| Abstract | Why Chinese elitism can’t impel technological revolution? This paper employs a unique index measuring the province-level of local elitism, provides anecdotal and empirical evidences based on a province-year panel dataset in China. Our findings are in accordance with theoretical implications and show: 1) Chinese elitism promotes technological revolution significantly. 2)this promotion is based on the combination of elitism and political connections, which partly mitigates the negative effect of political connections on technological revolution, meanwhile raises the total-factors-productivity/innovations-productivity of firm level.3) The elitism can’t benefit technology revolution directly due to the obstruction role of political connections. The placebo tests and changes of elitism indexes both exhibit the robustness of our evidences. Collectively, we find the loss of technology in China is caused by the linkage of elitism and political connections in productive organizations, not the innate character of elitism. |
| Serial Number | WP986 |
| Time | 2015-12-11 |
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