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This paper integrates innovation input and output effects of R&D subsidies into a modified Crépon–Duguet–Mairesse (CDM … R&D investment. In addition, results point to positive output effects of both purely privately funded and subsidy …–induced R&D. Furthermore, we do not find evidence of a premium or discount of subsidy–induced R&D in terms of its marginal …
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The development of digital inclusive finance provides new opportunities for the technological innovation of SMEs. In … empirical testing. The results show that digital inclusive finance significantly promotes the technological innovation level of … supervision and government subsidies play a positive regulating role …
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