• Economics
  • Published 2008

Innovation Capacity and Economic Development

@inproceedings{Fan2008InnovationCA,
  title={Innovation Capacity and Economic Development},
  author={Peilei Fan},
  year={2008}
}
Both China and India, the emerging giants in Asia, have achieved significant economic development in recent years. China has enjoyed a high annual GDP growth rate of 10 per cent and India has achieved an annual GDP growth rate of 6 per cent since 1981. Decomposing China and India’s GDP growth from 1981 to 2004 into the three factors’ contribution reveals that technology has contributed significantly to both countries’ GDP growth, especially in the 1990s. R&D outputs (high-tech exports, service… CONTINUE READING

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