摘要
自1998年以来,房价的快速上涨吸引了大量的资本进入房地产行业,其中不乏工业企业的身影。工业企业将有限的资源投入房地产的同时,势必影响需要大量资金支持的研究开发项目。本文利用1999—2007年全国35个大中城市规模以上工业企业数据,重点研究了房价上涨对工业企业新产品产出和研发投入的影响,并得到了以下主要结论:房价上涨越快,当地企业的创新倾向越弱。本文为理解转型经济背景下影响我国企业创新的因素提供了一个新的重要视角。
Since 1998, the real estate industry in China has experienced rapid growth o- ver the next decade. Industrial firms stepped out of their original line of business and partici- pated in the real estate industry. The extensive involvement of industrial firms in the real es- tate industry should have influenced their original businesses. Using the Annual Survey of In- dustrial Firms for the period of 1999 to 2007, we examine how the housing boom influenced the innovation of industrial firms in 35 major cities. Our estimation results indicate that the housing boom had a negative effect on firms＇ innovation propensities.
出处
《经济学（季刊）》
CSSCI
北大核心
2014年第1期465-490,共26页
China Economic Quarterly
