The Impact of Central Five-Year Plans and Local Five-Year Plans on the Number of Patent Applications

Zhiqiang Liang ()
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Zhiqiang Liang: Shanghai University

A chapter in Proceedings of the 2024 2nd International Conference on Management Innovation and Economy Development (MIED 2024), 2024, pp 625-638 from Springer

Abstract: Abstract The Chinese government emphasizes industrial upgrading and encourages technological innovation by enterprises. A series of policy documents have been issued by the Chinese government, and the five-year plans specify the government’s development direction. Enterprises in the catalog have received government support and consumed government resources, so it is necessary to analyze the impact of the government’s five-year plan on enterprise innovation. Both the central government’s five-year plan and the local government’s five-year plan have impact on enterprises, so it is necessary to analyze the differences in the impact. This paper uses data of listed companies from 2008 to 2020 and uses PSM-DID model, Heckman two-stage model, and instrumental variable model. The results obtained are as follows: 1. The government’s five-year plan has increased the number of patent applications by enterprises; 2. The influence of the central government’s policies is greater than that of the local government’s policies.

Keywords: Five-Year Plan; patents; central government; local government; agency theory (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-542-3_72

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DOI: 10.2991/978-94-6463-542-3_72

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