| CONTENTS | 6 |
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| LIST OF FIGURES | 10 |
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| LIST OF TABLES | 11 |
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| ABBREVIATION | 12 |
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| 1. INTRODUCTION | 14 |
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| 1.1 INSTITUTIONS IN A REGIONAL ECONOMIC GROWTH MODEL | 15 |
| 1.2 A CHINESE SUCCESS STORY: THE GREATER PEARL RIVER DELTA | 17 |
| 1.3 TOWARD A NEW ECONOMIC GROWTH MODEL? | 20 |
| 1.4 AIM AND SCOPE | 21 |
| 1.5 ACKNOWLEDGEMENTS | 24 |
| 2. THEORETICAL AND CONCEPTUAL BACKGROUND | 26 |
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| 2.1 INSTITUTIONAL CHANGE AND THE REGIONAL ECONOMY | 26 |
| 2.2 INNOVATION AND INDUSTRIAL UPGRADING IN CHINA | 39 |
| 2.3 DEVELOPING AN ANALYTICAL FRAMEWORK | 57 |
| 3. METHODOLOGY | 64 |
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| 3.1 EMPIRICAL RESEARCH DATA | 64 |
| 3.2 MEASUREMENT CONCEPTS | 69 |
| 3.3 CRITICAL METHOD EVALUATION AND LIMITATIONS | 77 |
| 4. INSTITUTIONAL CHANGE AND STRATEGIC ADAPTATION. A FIRM-LEVEL PERSPECTIVE ON THE POST-CRISIS ECONOMY OF THE CHINESE PRD | 80 |
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| 4.1 INTRODUCTION | 80 |
| 4.2 THEORETICAL AND CONCEPTUAL BACKGROUND | 82 |
| 4.3 DATA AND METHODS | 87 |
| 4.4 EMPIRICAL ANALYSIS OF FIRM ADAPTATION PROCESSES | 88 |
| 4.5 CONCLUSION AND DISCUSSION | 101 |
| 5. THE IMPACT OF FINANCING CHANNELS ON FIRM INNOVATION – IS THERE AN ‘INFORMALITY TRAP?’ | 104 |
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| 5.1 INTRODUCTION | 104 |
| 5.2 THEORETICAL AND CONCEPTUAL BACKGROUND | 106 |
| 5.3 DATA AND METHODS | 113 |
| 5.4 FINANCE AND INNOVATION IN THE ELECTRONICS INDUSTRY OF THE PRD | 116 |
| 5.5 CONCLUSION | 124 |
| 6. INTER-FIRM LEARNING IN THE ELECTRONICS SUPPLY CHAIN – PROSPECT FOR ENHANCING LOCAL FIRMS’ INNOVATION PERFORMANCE? | 127 |
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| 6.1 INTRODUCTION | 127 |
| 6.2 THE PROCESS OF INNOVATION FROM A SUPPLY-CHAIN PERSPECTIVE | 130 |
| 6.3 DATA AND METHODS | 134 |
| 6.4 ECONOMETRIC ANALYSIS | 137 |
| 6.5 DISCUSSION | 145 |
| 6.6 CONCLUSION | 149 |
| 7. POLICIES OF RESTRUCTURING ECONOMIC GROWTH – TOWARDS A NEW GROWTH MODEL IN CHINA AND ITS PROVINCES? | 151 |
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| 7.1 INTRODUCTION | 151 |
| 7.2 AN INSTITUTIONAL PERSPECTIVE ON THE CHINESE POLITICAL SYSTEM | 153 |
| 7.3 DATA AND METHODS | 158 |
| 7.4 THE CHINESE NATIONAL GROWTH MODEL | 159 |
| 7.5 POLITICAL LEADERSHIP AND INDUSTRIAL DEVELOPMENT IN GUANGDONG PROVINCE | 169 |
| 7.6 INTERIM CONCLUSION | 175 |
| 7.7 THE FUTURE OF ECONOMIC GROWTH IN CHINA | 177 |
| 7.8 CONCLUSION | 180 |
| 8. CONCLUSION | 181 |
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| 8.1 ANSWERING THE EMPIRICAL RESEARCH QUESTIONS | 181 |
| 8.2 THE ROLE OF INSTITUTIONAL FACTORS FOR A NEW REGIONAL ECONOMIC GROWTH MODEL | 184 |
| 8.3 FUTURE RESEARCH AGENDA | 188 |
| LIST OF REFERENCES | 190 |
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| APPENDIX A: METHODOLOGY | 210 |
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| A1: SHIFT-SHARE ANALYSIS | 210 |
| A2: ENGLISH TRANSLATION OF THE QUESTIONNAIRE, 2011 | 211 |
| A3: LIST OF QUALITATIVE INTERVIEWS, 2011 | 216 |
| A4: PARTIAL CORRELATION-MATRIX OF INDEPENDENT VARIABLES (CHAPTER 5) | 217 |
| A5: CLASSIFICATION OF PRODUCT TECHNOLOGY | 218 |
| APPENDIX B: DATA SOURCES | 221 |