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

In: Proceedings of the 2024 2nd International Conference on Management Innovation and Economy Development (MIED 2024)

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  • Zhiqiang Liang

    (Shanghai University)

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.

Suggested Citation

  • Zhiqiang Liang, 2024. "The Impact of Central Five-Year Plans and Local Five-Year Plans on the Number of Patent Applications," Advances in Economics, Business and Management Research, in: Barbara Siuta-Tokarska & Adriana Grigorescu & Yifeng Zhu (ed.), Proceedings of the 2024 2nd International Conference on Management Innovation and Economy Development (MIED 2024), pages 625-638, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-542-3_72
    DOI: 10.2991/978-94-6463-542-3_72
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