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In evaluating the effectiveness of R&D subsidies, the literature has focused on potential crowding out effects, while the possibility of misappropriation of public funds that results from moral hazard behavior has been completely neglected. This study develops a theoretical framework with which...
Persistent link: https://www.econbiz.de/10012661468
In evaluating the effectiveness of R&D subsidies, the literature has focused on potential crowding out effects, while the possibility of misappropriation of public funds that results from moral hazard behavior has been completely neglected. This study develops a theoretical framework with which...
Persistent link: https://www.econbiz.de/10012698645
Persistent link: https://www.econbiz.de/10012818352
We investigate the misappropriation of R&D subsidies and evaluate its consequences for policy effectiveness. Using Chinese firm-level data for 2001-2011, we identify that 42% of grantees misused R&D subsidies, accounting for 53% of total R&D subsidies. Misappropriation leads to a substantial...
Persistent link: https://www.econbiz.de/10013175474
Persistent link: https://www.econbiz.de/10011432255
the capacity of China's NIS in creating indigenous innovation. We provide insights drawing upon patent data and using … strong. -- National Innovation System ; Innovative Performance ; China ; Patents ; Innovation Policy …
Persistent link: https://www.econbiz.de/10008859640
the capacity of China’s NIS in creating indigenous innovation. We provide insights drawing upon patent data and using …
Persistent link: https://www.econbiz.de/10014043966
Persistent link: https://www.econbiz.de/10013259171
"The forthcoming fourteenth Five-Year Plan (2021-2025) emphasizes innovation as the driving force to double China's GDP … increase in innovation activity, productivity growth in the overall economy and manufacturing industries fell by half or more … China's increasing innovation efforts may have prevented an even more severe productivity decline, returns to catching …
Persistent link: https://www.econbiz.de/10013488567
Persistent link: https://www.econbiz.de/10012168812