Do Rising Labour Costs Drive Innovation in Enterprises? Propensity Score Matching Evidence from Chinese Firms

Huang Xianhai; Chen Hangyu; Yang Gaoju

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Do Rising Labour Costs Drive Innovation in Enterprises? Propensity Score Matching Evidence from Chinese Firms

机译：不断上涨的劳动力成本是否会推动企业创新？中国企业倾向得分匹配证据

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This paper uses a monopolistic competition model and propensity score matching (PSM) with Chinese firm-level data to determine whether rising labour costs drive innovation within enterprises. The results indicate that rising wages do drive firms to invest more in R&D and use more capital to substitute for labour to minimize costs, which improves total factor productivity. The results are verified by several robustness tests.

机译：本文使用垄断竞争模型和倾向得分匹配（PSM）以及中国公司级数据，来确定劳动力成本上涨是否驱动企业内部的创新。结果表明，工资的上涨确实驱使企业对研发投入更多，并使用更多的资本替代劳动力以最小化成本，从而提高了全要素生产率。通过几个鲁棒性测试验证了结果。

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来源
《Pacific economic review》 |2017年第1期|23-42|共20页
作者
Huang Xianhai; Chen Hangyu; Yang Gaoju;
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Zhejiang Univ, Hangzhou, Zhejiang, Peoples R China;

Zhejiang Univ, Hangzhou, Zhejiang, Peoples R China;

Zhejiang Univ, Hangzhou, Zhejiang, Peoples R China;

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Do Rising Labour Costs Drive Innovation in Enterprises? Propensity Score Matching Evidence from Chinese Firms

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