The past three decades have witnessed rapid economic growth and a fascinating transformation of China's economy and industry, from an economy dominated by agriculture to one that is referred to as a 'world manufacturing plant', from a small exporter of resource- and unskilled labour-intensive...

"Innovation is a major driver of long-term economic growth (Romer, 1990, 1992; Aghion and Howitt, 2009; Lundvall, 2016) and sustainable development (UN, 2015). As extensively documented in Fagerberg et al. (2010), two factors have been identified as critical factors in the endogenous economic growth...