R&D subsidies and business R&D: Evidence from high-tech manufacturing firms in Jiangsu

被引：31
作者：
Liu, Xiaolu [1 ]
Li, Xiaoyu [2 ]
Li, Honglin [1 ]
机构：
[1] Renmin Univ China, Sch Econ, Beijing, Peoples R China
[2] Renmin Univ China, Sch Agr Econ & Rural Dev, Beijing, Peoples R China
来源：
CHINA ECONOMIC REVIEW | 2016年 / 41卷
关键词：
R&D subsidy; Business R&D; Propensity score matching; PUBLIC SUBSIDIES; INNOVATION; GROWTH; LEVEL; CONSTRAINTS; TECHNOLOGY; PROGRAMS; CHINA; PRODUCTIVITY; INCENTIVES;
D O I：
10.1016/j.chieco.2016.08.003
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We investigate how R&D subsidies affect business R&D investments using cross-section data of high-tech manufacturing firms in Jiangsu province of China. Our estimations based on propensity score matching suggest that public subsidies positively influence business R&D investments. Further classifying firms into different groups by size, financial constraints, and ownership, we find that the stimulation effect is more significant and stronger for smaller firms, more financially constrained firms, and private-owned firms. The heterogeneity of policy effects with respect to export status, Relative Comparative Advantage index, region, and industry are also discussed. (C) 2016 Elsevier Inc. All rights reserved.
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页码：1 / 22
页数：22
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