 Do government grants promote innovation efficiency in China's high-tech industries?Jin Hong, Bing Feng, Yanrui Wu and Liangbing Wang Technovation, 2016, vol. 57-58, 4-13 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 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 sub-industries, the results show that government grants had different effects on the innovation in each sub-industry. Keywords: Government grants; Industrial innovation; Private R&D; Innovation efficiency; High-tech industry (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:techno:v:57-58:y:2016:i::p:4-13 DOI: 10.1016/j.technovation.2016.06.001 Access Statistics for this article Technovation is currently edited by Jonathan Linton More articles in Technovation from Elsevier |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.