China's R&D subsidies - allocation and effectiveness


Boeing, Philipp


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URL: https://ub-madoc.bib.uni-mannheim.de/37404
URN: urn:nbn:de:bsz:180-madoc-374040
Document Type: Working paper
Year of publication: 2014
The title of a journal, publication series: ZEW Discussion Papers
Volume: 14-103
Place of publication: Mannheim
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: O38 , O32,
Keywords (English): R&D subsidies , economic transition , China , propensity score matching , difference-in-differences
Abstract: This study investigates the allocation of China’s R&D subsidies and its effectiveness in stimulating firms’ own R&D investments for the population of Chinese listed firms throughout the time period 2001 to 2006. For allocation, we find that firm participation is determined by prior grants, high quality inventions, and minority state-ownership. Provincial variation in China’s transition towards a market-driven economy reveals that R&D subsidies are less often distributed by more market-oriented provincial governments and that China’s innovation policy is more supportive of firms located in developed provinces. Considering effectiveness, we find that grants instantaneously crowd-out firms’ own R&D investments but are neutral in later periods. In 2006, one public RMB reduces own R&D investments made by firms by half a RMB. For repeated recipients, high-tech firms, and minority state-owned firms grants have an insignificant effect.

Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




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Boeing, Philipp (2014) China's R&D subsidies - allocation and effectiveness. Open Access ZEW Discussion Papers Mannheim 14-103 [Working paper]
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