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Institutional Environment, Government Intervention, and the Performance of High-tech Zones Empirical Evidence from Transition Economy

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Author(s): Ke Xiong | Xiwei Yi | Xiaolong Liu | Zhuoqi Li

Journal: International Journal of Business and Management
ISSN 1833-3850

Volume: 7;
Issue: 4;
Date: 2012;
Original page

ABSTRACT
High-tech zones emerged as a way to manage, design and promote local high-technology entrepreneurship.Extant theories have elaborated the underlying mechanism of high-tech zones from Industries ClusterPerspective, Transaction Cost Theory and Social Capital Theory. However, these analyses are mainly conductedunder the developed markets where institutional environment is comparatively perfect. While high-tech zonesare now increasingly a popular adoption in transition economy, limited literature has investigated thecharacteristics of high-tech zones under such economy. In this paper, we studied how institutional imperfection,mainly characterized as government intervention, exerts an adverse impact on the performance of high-techzones. Using the data of Chinese National High-tech Zones from 2006-2007, the empirical results support ourhypotheses that government intervention influences the performance of high-tech zones through the degree ofduplicate constructions and the quality of in-zone industrial configuration.

Tango Jona
Tangokurs Rapperswil-Jona

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