Different policy instruments and the threshold effects on collaboration efficiency in China

Hua Cheng, Zhiying Zhang, Zhongju Liao, Yong Wei and Joseph Martial Nkongo Mvondo

Science and Public Policy, 2020, vol. 47, issue 3, 348-359

Abstract: University–industry R&D collaboration is an important means to improve innovation efficiency; many governments have issued policies to promote it. The most frequent policy instruments implemented by policy-makers to foster firms’ innovation are subsidies and tax incentives. The article elaborated on how subsidies and tax incentives influence the R&D collaboration efficiency through a panel dataset from 2009 to 2015 in China. The result showed that subsidies and tax incentives have a positive effect on collaboration efficiency, and the effect of subsidies on output is bigger than that of tax incentives. Taking the intensity of subsidy as a threshold variable, there is a significant single threshold effect on collaboration efficiency. However, there is no threshold effect when the intensity of the tax incentive used as the threshold variable.

Keywords: policy instruments; subsidy; tax incentive; R&D collaboration efficiency; threshold effect (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:oup:scippl:v:47:y:2020:i:3:p:348-359.

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