Government R&amp;D subsidy and financial credit in knowledge production process, which one is better?

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Science Research Management ›› 2014, Vol. 35 ›› Issue (12) : 62-68,111.

Government R&D subsidy and financial credit in knowledge production process, which one is better?

Wang Yebin

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Abstract

According to the high-tech industry data from 1999 to 2008, this article examines and compares the knowledge production effects of government R&D subsidy and financial credit using the panel regression method from the enterprise R&D expenditure and innovation output aspects. The research shows that: government R&D subsidy is more effective than financial credit regardless of promoting enterprise R&D expenditure or innovation output; at the same time, the knowledge production effects of government R&D subsidy and financial credit are significantly related to the firm size and structure of property rights - they are positively correlated with firm size, while negatively correlated with the structure of property rights.

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government R&D subsidy / financial credit / knowledge production / technological innovation

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Wang Yebin. Government R&D subsidy and financial credit in knowledge production process, which one is better?[J]. Science Research Management. 2014, 35(12): 62-68,111

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