Do government grants promote innovation efficiency in China's high-tech industries?

被引：254

作者：

Hong, Jin ^{[1
]}

Feng, Bing ^{[1
]}

Wu, Yanrui ^{[2
]}

Wang, Liangbing ^{[1
]}

机构：

[1] Univ Sci & Technol China, Sch Management, Hefei, Peoples R China

[2] Univ Western Australia, Sch Business, Nedlands, WA 6009, Australia

来源：

TECHNOVATION | 2016年 / 57-58卷

基金：

国家教育部科学基金资助; 中国国家自然科学基金;

关键词：

Government grants; Industrial innovation; Private R&D; Innovation efficiency; High-tech industry; RESEARCH-AND-DEVELOPMENT; DEVELOPMENT SUBSIDIES; FIRM-LEVEL; SYSTEMS; PERFORMANCE; ENTERPRISES; DETERMINANTS; PRODUCTIVITY; TECHNOLOGY; CAPABILITY;

D O I：

10.1016/j.technovation.2016.06.001

中图分类号：

T [工业技术];

学科分类号：

08 ;

摘要：

Despite extensive discussion about the important role of government in enterprise development, the function of government grants in the innovation activities of high-technology (high-tech) industries is still unclear. In this paper, the stochastic frontier model and a unique panel data set of 17 high-tech industries in China spanning the 2001-2011 period are applied to explore how government grants affect the innovation performance of these industries. Results indicate that the innovation efficiency of high-tech industries rapidly improved in the past decade. However, it is found that government grants exert a negative influence on innovation efficiency of high-tech industries. However, the impact of private R&D funding is significant and positive. Furthermore, when the high-tech industries are grouped into five subindustries, the results show that government grants had different effects on the innovation in each sub industry. (C) 2016 Elsevier Ltd. All rights reserved.

引用

页码：4 / 13

页数：10

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