NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Data-intensive Innovation and the State: Evidence from AI Firms in China

Martin Beraja, David Y. Yang, Noam Yuchtman

NBER Working Paper No. 27723
Issued in August 2020, Revised in March 2021

---- Acknowledgments ----

We are especially grateful for the extraordinary research assistance provided by Haoran Gao, Andrew Kao, Shuhao Lu, and Wenwei Peng. We also thank Shiyun Hu, Junxi Liu, Shengqi Ni, Yucheng Quan, Linchuan Xu, Peilin Yang, and Guoli Yin, for their excellent work as research assistants as well. Many appreciated suggestions, critiques and encouragement were provided by Daron Acemoglu, Dominick Bartelme, Ryan Bubb, Paco Buera, Ernesto Dal Bó, Dave Donaldson, Ruben Enikolopov, Raquel Fernández, Richard Free-man, Chad Jones, Pete Klenow, Monica Martinez-Bravo, Andy Neumeyer, Juan Pablo Nicolini, Arianna Ornaghi, Maria Petrova, Torsten Persson, Nancy Qian, Andrei Shleifer, Chris Tonetti, Dan Trefler, John Van Reenen, and Daniel Xu, as well as many seminar and conference participants. Yang acknowledges financial support from the Harvard Data Science Initiative; Yuchtman acknowledges financial support from the British Academy under the Global Professorships program. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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