Fig. 19
From: The role of innovation-led profits in the development of an international financial centre
Source Girma et al. (2008)
Access to Chinese Capital Doesn’t Depend on Foreign Investment or Subsidies? The figure shows the results of econometric analysis looking at the determinants of FINANCE (specifically bank loans) for Chinese companies. To the extent that Shenzhen’s companies reflect the wider Chinese situation, then Qianhai would not help promote innovation by making putting more finance and subsidies on offer. See source for empirical methods and variable definitions.