The Linkage of R&D Subsidies and Self-Supported Innovation Input in Hi-Tech Companies: Microeconometric Evidence from Zhejiang

被引:0
|
作者
Wu Bao [1 ]
Chi Renyong [1 ]
机构
[1] Zhejiang Univ Technol, Hangzhou, Zhejiang, Peoples R China
关键词
Industrial innovation; Tax credit; R&D subsidies;
D O I
暂无
中图分类号
F [经济];
学科分类号
02 ;
摘要
The paper investigates the effects of governmental subsidies, including direct subsidy and tax credit, on Hi-Tech companies' innovation input, using a panel dataset of 2020 firms in Zhejiang, China, during 2003 similar to 2005. The microeconometric results suggest that such policy instruments could significantly stimulate company's self-supported innovation-related investment and expenditure of research projects. But the results also imply governmental subsidy may change layout of self-supported expenditure.
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页码:660 / 662
页数:3
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