汉青论坛第313期：11月26日韩鹏飞助理教授


本期主题: Mapping US-China Technology Decoupling, Innovation, and Firm Performance
摘要：
Based on the combined patent data from the U.S. and China, we developed quantitative measures for the technology decoupling between the two countries and China’s dependence on the U.S. at the technology field-year level. We find that the first two decades of the 21st century witnessed a continuing increase in technology integration (or less decoupling), but China’s technology dependence on the U.S. increases (decreases) during the first (second) decade. A panel VAR analysis suggests that a higher level of decoupling in a given technology field predicts more dependence, which in turn predicts less decoupling. Decoupling is associated with more patent outputs in the same sector in China, but lower firm productivity and valuation. The impact on U.S. firms is largely unnoticeable. Finally, we find that China’s innovation-promotion industrial policies are associated with both more integration and less dependence down the road, but the process is embedded with an intrinsic trade-off between the two major policy objectives (i.e., indigenous innovation versus firm competitiveness) of the Chinese government.

报告人：韩鹏飞助理教授, 北京大学光华管理学院


时间：11月26日（周四） 12：15
地点：明德主楼307教室
诚邀各位老师参加。如果您有兴趣，请于11月26日前回复邮件liu.zhe AT ruc.edu.cn或电话联系，我们将为您预留座位。联系人：刘喆 62510919。

报告人简介：
Dr. Pengfei Han is an assistant professor of finance at Guanghua School of Management, Peking University. He received his Ph.D. degree in economics from the University of Pennsylvania in 2018. His research focuses on innovation, entrepreneurship, venture capital, firm dynamics, and economic growth. He is currently working on US-China technology decoupling, cross-country comparison of mobile payment, entrepreneurial finance under the COVID-19 pandemic, and the market for technology in China.