TITLE:
The Impact of Hong Kong, Macao and Taiwan Investment on Enterprise Innovation in the Pearl River Delta Region
AUTHORS:
Xing Li
KEYWORDS:
Pearl River Delta, Enterprise Level, Industry Level, Hong Kong, Macao and Taiwan Capital, Innovation
JOURNAL NAME:
Open Journal of Social Sciences,
Vol.8 No.3,
March
10,
2020
ABSTRACT: Based on
the micro-enterprise data of the nine cities in the PRD in the database of
China’s industrial enterprises from 1998 to 2007, from two aspects of
innovation input and innovation output, this article analyzes the impact of
Hong Kong, Macao and Taiwan capital entering the Pearl River Delta region on
the innovation capabilities of enterprises in the region. The empirical results
show that at the enterprise level, the company’s R & D investment and new
product output decrease with the increase of Hong Kong, Macao and Taiwan capital entry. At the industry
level, the deeper the entry of Hong Kong, Macao and Taiwan-funded industries, the stronger the inhibitory effect on corporate R
& D investment and new product output. Combining the results of these two
aspects, the estimation results of this article show that the entry of Hong
Kong, Macao and Taiwan capital into the
Pearl River Delta region has a negative effect on the innovation ability of
enterprises.