政府支持路径对我国风电企业技术创新投入影响的比较研究——基于动态面板数据的系统GMM分析
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摘要
采用动态面板模型和系统GMM估计方法,实证检验不同政府支持路径对风电企业技术创新投入的影响。结果表明:政府补贴和税收优惠能够显著促进风电企业增加技术创新投入,且税收优惠促进效果优于政府补贴,而金融支持则显著抑制了企业技术创新投入。市场竞争程度越激烈,政府补贴及税收优惠对风电企业技术创新投入的促进作用越显著,而金融支持的作用效果不受市场竞争程度影响。风电企业所在行业技术水平越高,政府补贴及税收优惠对企业技术创新投入的激励效果越好,但对金融支持作用效果影响并不显著。
The impact of different government support paths on the investment of wind power enterprises'technological innovation is empirically tested in this paper by the System Generalized Method of Moments with the data of wind power industry.Results show that:government subsidies and tax incentives can significantly increase the input of technological innovation for wind power enterprises,and the effect of tax incentives is better than that of government subsidies,while financial support significantly reduces technological innovation inputs.The more intense the market competition is,the more significant the government subsidy and tax preference will contribute to the technological innovation input of the wind power enterprises,and the effect of financial support is not affected by the market competition.The higher the technology level of the wind power industry is,the better the incentive effect of government subsidies and tax preferences on technological innovation input is,but the effect on financial support is not significant.
The impact of different government support paths on the investment of wind power enterprises'technological innovation is empirically tested in this paper by the System Generalized Method of Moments with the data of wind power industry.Results show that:government subsidies and tax incentives can significantly increase the input of technological innovation for wind power enterprises,and the effect of tax incentives is better than that of government subsidies,while financial support significantly reduces technological innovation inputs.The more intense the market competition is,the more significant the government subsidy and tax preference will contribute to the technological innovation input of the wind power enterprises,and the effect of financial support is not affected by the market competition.The higher the technology level of the wind power industry is,the better the incentive effect of government subsidies and tax preferences on technological innovation input is,but the effect on financial support is not significant.
引文
[1]陆国庆,王舟,张春宇.中国战略性新兴产业政府创新补贴的绩效研究[J].经济研究,2014,49(7):44-55.
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[8]Doh S,Kim B.Government Support for SME Innovations in the Regional Industries:The Case of Government Financial Support Program in South Korea[J].Research Policy,2014,43(9):1557-1569.
[9]Gómez M A,Sequeira T N.Should the US Increase Subsidies to R&D?Lessons from an Endogenous Growth Theory[J].Oxford Economic Papers-New Series,2014,66(1):254-282.
[10]Hsu P H,Tian X,Xu Y.Financial Development and Innovation:Cross-country Evidence[J].Journal of Financial Economics,2014,112(1):116-135.
[11]Lee C Y.The Differential Effects of Public R&D Support on Firm R&D:Theory and Evidence from Multi-country Data[J].Technovation,2011,31(5-6):256-269.
[12]David P A,Hall B H,Toole A A.Is Public R&D a Complement or Substitute for Private R&D?A Review of the Econometric Evidence[J].Research Policy,2000,29(4):497-529.
[13]严焰,池仁勇.R&D投入、技术获取模式与企业创新绩效——基于浙江省高技术企业的实证[J].科研管理,2013,34(5):48-55.
[14]柳光强,杨芷晴,曹普桥.产业发展视角下税收优惠与财政补贴激励效果比较研究——基于信息技术、新能源产业上市公司经营业绩的面板数据分析[J].财贸经济,2015(8):38-47.
[15]郑春美,李佩.政府补助与税收优惠对企业创新绩效的影响——基于创业板高新技术企业的实证研究[J].科技进步与对策,2015,32(16):83-87.
[16]余东华,吕逸楠.政府不当干预与战略性新兴产业产能过剩——以中国光伏产业为例[J].中国工业经济,2015(10):53-68.
[17]白俊红.中国的政府R&D资助有效吗?来自大中型工业企业的经验证据[J].经济学(季刊),2011,10(4):1375-1400.
[2]Chen V Z,Li J,Shapiro D M,Zhang X.Ownership Structure and Innovation:An Emerging Market Perspective[J].Asia Pacific Journal of Management,2014,31(1):1-24.
[3]Cin B C,Lee H,Kim J.Empirical Analysis on the Effect of Technology Innovation on Employment in Korean Inno-Biz SMEs[J].Economics Bulletin,2015,35(4):2258-2269.
[4]吕晓军.政府补贴与企业技术创新投入——来自2009-2013年战略性新兴产业上市公司的证据[J].软科学,2016,30(12):1-5.
[5]Zú1iga‐Vicente J,Alonso-Borrego C,Forcadell F J,Galán JI.Assessing the Effect of Public Subsidies on Firm R&D Investment:A Surney[J].Journal of Economic Surveys,2014,28(1):36-67.
[6]Bronzini R,Piselli P.The Impact of R&D Subsidies on Firm Innovation[J].Research Policy,2016,45(2):442-457.
[7]Yang C H,Huang C H,Hou T C T.Tax Incentives and R&D Activity:Firm-level Evidence from Taiwan[J].Research Policy,2012,41(9):1578-1588.
[8]Doh S,Kim B.Government Support for SME Innovations in the Regional Industries:The Case of Government Financial Support Program in South Korea[J].Research Policy,2014,43(9):1557-1569.
[9]Gómez M A,Sequeira T N.Should the US Increase Subsidies to R&D?Lessons from an Endogenous Growth Theory[J].Oxford Economic Papers-New Series,2014,66(1):254-282.
[10]Hsu P H,Tian X,Xu Y.Financial Development and Innovation:Cross-country Evidence[J].Journal of Financial Economics,2014,112(1):116-135.
[11]Lee C Y.The Differential Effects of Public R&D Support on Firm R&D:Theory and Evidence from Multi-country Data[J].Technovation,2011,31(5-6):256-269.
[12]David P A,Hall B H,Toole A A.Is Public R&D a Complement or Substitute for Private R&D?A Review of the Econometric Evidence[J].Research Policy,2000,29(4):497-529.
[13]严焰,池仁勇.R&D投入、技术获取模式与企业创新绩效——基于浙江省高技术企业的实证[J].科研管理,2013,34(5):48-55.
[14]柳光强,杨芷晴,曹普桥.产业发展视角下税收优惠与财政补贴激励效果比较研究——基于信息技术、新能源产业上市公司经营业绩的面板数据分析[J].财贸经济,2015(8):38-47.
[15]郑春美,李佩.政府补助与税收优惠对企业创新绩效的影响——基于创业板高新技术企业的实证研究[J].科技进步与对策,2015,32(16):83-87.
[16]余东华,吕逸楠.政府不当干预与战略性新兴产业产能过剩——以中国光伏产业为例[J].中国工业经济,2015(10):53-68.
[17]白俊红.中国的政府R&D资助有效吗?来自大中型工业企业的经验证据[J].经济学(季刊),2011,10(4):1375-1400.