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Impact of Government Subsidies on Enterprises' Technological Innovation Inputs and Outputs : Moderating Effect of Regional Innovation Capacity

Author

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  • Qiuyue SUN

    (School of Foreign Languages, Wuhan University of Technology)

  • Lei LIU

    (School of Economics, Wuhan Textile University)

Abstract

The technological innovation of enterprises was a key topic of attention in recent years. The government introduced relevant policies to support such innovation, in which the incentive effect of government subsidies attracted considerable attention. To explore the relationship between government subsidies and the enterprises’ technological innovation inputs and outputs, using the data of Shanghai and Shenzhen A-share listed manufacturing companies from 2008 to 2016, the impact of fiscal policies, mainly government subsidies, on the technological innovation of enterprises and the moderating role of regional technological innovation capacity in the above relationship were empirically tested. Results show that: (1) government subsidies can effectively promote the technological input investment of enterprises, (2) government subsidies can improve the technological innovation output level of enterprises to a certain extent, and (3) regional innovation capacity has a positive moderating effect on the relationship between government subsidies and technological innovation inputs and outputs. The conclusions obtained from this study can provide theoretical support for further enhancing the technological innovation level of enterprises under the guidance of government subsidies and exerting the moderating effect of regional innovation capacity.

Suggested Citation

  • Qiuyue SUN & Lei LIU, 2023. "Impact of Government Subsidies on Enterprises' Technological Innovation Inputs and Outputs : Moderating Effect of Regional Innovation Capacity," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(4), pages 91-106, December.
    • Handle: RePEc:rjr:romjef:v::y:2023:i:4:p:91-106
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    More about this item

    Keywords

    government subsidies; enterprise innovation; regional innovation capacity;
    All these keywords.

    JEL classification:

    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • C12 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Hypothesis Testing: General
    • C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Statistical Simulation Methods: General
    • C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques

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