【时间】6月3日12:30-14:00
【地点】 8797威尼斯老品牌403会议室
【主讲人】 韩鹏飞 助理教授
【主持人】 高明 副教授
【论文题目】Mapping US-China Technology Decoupling, Innovation, and Firm Performance
【报告摘要】Based on the combined patent data from the U.S. and China, we quantify the technology decoupling and dependence between the two countries. 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 of China on the U.S., which in turn predicts less decoupling. Decoupling is associated with more patent outputs in the given sector in both countries, lower firm productivity and valuation in China, but no significant impact on U.S. firms. Finally, China’s innovation-oriented industrial policies are associated with both more integration with and less dependence on U.S. technology down the road, trading off the inherent conflict between the two main policy objectives of promoting indigenous innovation versus enhancing firm competitiveness. U.S. sanctions against China have neither led to US-China technology decoupling nor strangled Chinese firms in the sanctioned sectors.
【主讲人介绍】韩鹏飞老师2018年于宾夕法尼亚大学获得经济学博士学位，并于同年加入8797威尼斯老品牌光华管理学院金融学系任助理教授。他的研究领域是科技创新、风险投资和经济增长，他的研究尤为关注中国问题以及中美比较。他最近的研究题目包括中美科技脱钩、移动支付的跨国比较、后新冠时代的创业融资，以及中国的知识产权交易。
