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“SMEs’ Innovation Policy” on Innovation of Technology-based SMEs: A Fuzzy Regression Discontinuity Design

Kai Zhao, Wan-Shu Wu and Jun-Mei Ye

Hitotsubashi Journal of Economics, 2021, vol. 62, issue 1, 1-32

Abstract: We use the Fuzzy RD design toexplo re the influence of R&D subsidies and tax incentives in the “SMEsʼ Innovation Policy” on the innovation of technology-based SMEs. The results reveal that the “SMEsʼ Innovation Policy” can effectively stimulate the innovation of technology-based SMEs. Regardless of R&D subsidies or tax incentives means, the incentive effect of “SMEsʼ Innovation Policy” on strategic innovation is always stronger than substantial innovation. For the technology-based SMEs in the central-and-western region, the “SMEsʼ Innovation Policy” cannot significantly promote innovation, and may even inhibit it.

Keywords: SMEsʼ innovation policy; technology-based SMEs; substantive innovation; strategic innovation; fuzzy RDD (search for similar items in EconPapers)
JEL-codes: C21 D21 L53 (search for similar items in EconPapers)
Date: 2021
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DOI: 10.15057/hje.2021001

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Handle: RePEc:hit:hitjec:v:62:y:2021:i:1:p:1-32