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首页> 外文期刊>Energy Policy >Do government subsidies promote firm-level innovation? Evidence from the Korean renewable energy technology industry
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Do government subsidies promote firm-level innovation? Evidence from the Korean renewable energy technology industry

机译：政府补贴是否促进企业级创新？来自韩国可再生能源技术产业的证据

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This study investigates how government policies affect firm-level innovation. To empirically test this relationship, we use panel data for the Korean renewable energy technology firms. Taking into account the results of various panel framework tests and sample size, we establish a panel vector autoregressive model in the first difference, and use a bias-corrected least squares dummy variable estimator to test complex dynamic relationships between public subsidies, firm heterogeneities (size, age, and slack), industry dynamic competition, and innovation. Based on the estimations, we find that there is a positive bidirectional causal relationship between firms' innovation and each of the following: research and development (R&D) subsidy, available organizational slack, and industry dynamic competition. Non-R&D subsidy, firm size, and age do not have significant direct effects on firm-level innovation. However, non-R&D subsidy is involved in the relationship between R&D subsidy and firms' innovation. We discuss some implications based on the findings of this study.
机译：这项研究调查了政府政策如何影响企业级创新。为了实证检验这种关系，我们使用了韩国可再生能源技术公司的面板数据。考虑到各种面板框架测试的结果和样本量，我们在第一个差异中建立了面板向量自回归模型，并使用偏差校正的最小二乘虚拟变量估计量来测试公共补贴，公司异质性（大小）之间的复杂动态关系。 ，年龄和懈怠），行业动态竞争和创新。根据这些估计，我们发现企业创新与以下各项之间存在正向的双向因果关系：研究与开发（R＆D）补贴，可用的组织松弛和行业动态竞争。非研发补贴，公司规模和年龄对公司级创新没有显着的直接影响。但是，非R＆D补贴涉及R＆D补贴与企业创新之间的关系。我们根据这项研究的结果讨论一些含义。

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