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Are elite university graduates aiding China's transition to an innovation-based economy? Results from a career choices survey among would-be innovators in China and the USA

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  • Linxiu Zhang
  • Eli Pollak
  • Ross Darwin
  • Matthew Boswell
  • Scott Rozelle

Abstract

This paper reports on a survey conducted among more than 800 engineering students at elite universities in China and the USA. Results from the survey reveal that US and Chinese students are roughly equivalent in their desire to form or join start-up ventures. Far more US students, however, plan on actually doing so. In contrast, Chinese students are more likely to join the state/government sector. Our results also reveal a wide gap in perceptions on the availability of financing, mentorship, and other innovation resources. The findings suggest that the innovation ecosystem in China remains underdeveloped in certain important respects.

Suggested Citation

  • Linxiu Zhang & Eli Pollak & Ross Darwin & Matthew Boswell & Scott Rozelle, 2013. "Are elite university graduates aiding China's transition to an innovation-based economy? Results from a career choices survey among would-be innovators in China and the USA," Asia-Pacific Journal of Accounting & Economics, Taylor & Francis Journals, vol. 20(1), pages 58-69, March.
    • Handle: RePEc:taf:raaexx:v:20:y:2013:i:1:p:58-69
    DOI: 10.1080/16081625.2013.748436
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    References listed on IDEAS

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    1. William J. Baumol, 2005. "Education for Innovation: Entrepreneurial Breakthroughs Versus Corporate Incremental Improvements," NBER Chapters, in: Innovation Policy and the Economy, Volume 5, pages 33-56, National Bureau of Economic Research, Inc.
    2. David B. Audretsch (ed.), 2006. "Entrepreneurship, Innovation and Economic Growth," Books, Edward Elgar Publishing, number 4130.
    3. Wipo, 2011. "World Intellectual Property Indicators, 2011 edition," WIPO Economics & Statistics Series, World Intellectual Property Organization - Economics and Statistics Division, number 2011:941, April.
    4. Barry Naughton, 2007. "The Chinese Economy: Transitions and Growth," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262640643, December.
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    Cited by:

    1. Fleisher, Belton M. & McGuire, William H. & Smith, Adam Nicholas & Zhou, Mi, 2013. "Intangible Knowledge Capital and Innovation in China," IZA Discussion Papers 7798, Institute of Labor Economics (IZA).
    2. Fleisher, Belton M. & McGuire, William H. & Smith, Adam Nicholas & Zhou, Mi, 2015. "Knowledge capital, innovation, and growth in China," Journal of Asian Economics, Elsevier, vol. 39(C), pages 31-42.

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