دانلود رایگان مقاله آیا کمک های دولتی باعث افزایش بهره وری نوآوری در صنایع با تکنولوژی پیشرفته چین می شود؟

abstract

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 hightech 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 subindustry.

5. Discussion

Government grants, private R&D and other funds have different impacts on innovation efficiency. Our research shows that private R&D and other funds have a significant positive effect on promoting innovation, while government grants have different effects on the innovation in each sub-industry. These results confirm findings by Wallsten (2000) and Herrera and Sánchez-González (2013) that government grants partly crowd out private R&D. This study shows the mechanism of government grants promoting high-tech industry innovation and having different effects across the sub-industries.