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current state of China's public expenditure policies, the main reforms that are being undertaken, and the problems that remain … to be resolved. Topics covered: key characteristics of China's budget and recent trends; the allocation of spending; the …
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, infrastructure development, and technological innovation. The results reveal that the impact of innovation-related spending on …
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context of a general equilibrium model of innovation-led growth. In the model, innovation comes from entrant firms creating …
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Using panel data from 242 cities in China, we examine the impact of government research and development (R&D) spending … on corporate technological innovation. We find that listed firms located in cities with higher government R … innovation by alleviating financing constraints, improving employee creativity and ensuring efficient operations. We demonstrate …
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