"SMESʼ INNOVATION POLICY" ON INNOVATION OF TECHNOLOGYBASED SMES: A FUZZY REGRESSION DISCONTINUITY DESIGN

We use the Fuzzy RD design to explore the influence of R&D subsidies and tax incentives in the "SMEs' Innovation Policy" on the innovation of technology-based SMEs. The results reveal that the "SMEs' Innovation Policy" can effectively stimulate the innovation of tec...

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Bibliographic Details
Published in:Hitotsubashi journal of economics 2021-06, Vol.62 (1), p.1-32
Main Authors: Zhao, Kai, Wu, Wan-Shu, Ye, Jun-Mei
Format: Article
Language:English
Subjects:
Discontinuity
Government subsidies
High tech industries
Innovation policy
Innovations
Literature reviews
R&D
Research & development
Small & medium sized enterprises-SME
Strategic management
Subsidies
Tax incentives
Taxation
Technology
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Summary:We use the Fuzzy RD design to explore the influence of R&D subsidies and tax incentives in the "SMEs' Innovation Policy" on the innovation of technology-based SMEs. The results reveal that the "SMEs' Innovation Policy" can effectively stimulate the innovation of technology-based SMEs. Regardless of R&D subsidies or tax incentives means, the incentive effect of "SMEs' Innovation Policy" on strategic innovation is always stronger than substantial innovation. For the technology-based SMEs in the central-and-western region, the "SMEs' Innovation Policy" cannot significantly promote innovation, and may even inhibit it.
ISSN:2436-097X
DOI:10.15057/hje.2021001