Knowledge spillovers through human mobility across national borders: Evidence from Zhongguancun Science Park in China
This paper investigates the impact of returnee entrepreneurs and their knowledge spillovers on innovation in high-tech firms in China. Using panel data for 1318 high-tech firms in Beijing Zhongguancun Science Park (ZSP) we find that returnee entrepreneurs create a significant spillover effect that promotes innovation in other local high-tech firms. The extent of this spillover effect is positively moderated by the non-returnee firm's absorptive capacity approximated by the skill level of employees. Multinational enterprises' R&D activities positively affect the innovation intensity of non-returnee firms only when these local firms possess the sufficient level of absorptive capacity. Our findings have important implications for policy-makers and practitioners.
Year of publication: |
2011
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Authors: | Filatotchev, Igor ; Liu, Xiaohui ; Lu, Jiangyong ; Wright, Mike |
Published in: |
Research Policy. - Elsevier, ISSN 0048-7333. - Vol. 40.2011, 3, p. 453-462
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Publisher: |
Elsevier |
Keywords: | Returnee entrepreneurs Knowledge spillovers Skill intensity MNEs' R&D activities Innovation |
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