The promotion of technological innovation in firms requires both the supply-push and the demand-pull.To accurately identify,assess,and further enhance the incentive effects of the policies of government procurement fo...The promotion of technological innovation in firms requires both the supply-push and the demand-pull.To accurately identify,assess,and further enhance the incentive effects of the policies of government procurement for innovation in China,this paper uses the text analysis method to identify government procurement for innovation from more than 640,000 pieces of government procurement contracts and conducts an empirical analysis based on the data of China's A-share listed firms from 2015 to 2020.The study finds that government procurement for innovation significantly promotes corporate innovation by increasing the expected market returns,reducing R&D uncertainty,and easing financing constraints.Specifically,local government procurement for innovation,central government procurement for innovation,and procurement for innovation by universities and research institutes bring more significant innovation incentives for firms;and government procurement for innovation generates stronger innovation incentives for firms in strategic and emerging industries,private firms,and small-and medium-sized enterprises.Further analysis reveals that demandside innovation procurement and supply-side innovation subsidies generally have mutually reinforcing synergies on corporate innovation.The policy synergies vary depending on the levels of corporate innovation and the orders of policy implementation.In terms of the levels of corporate innovation,the two-sided policies has mutually complementary effects on innovation-leading firms and mutually exclusive effects on innovation-lagging firms.From the perspective of the orders of policy implementation,the strategy of supply-side subsidies first,and demand-side procurement second is more effective in promoting corporate innovation than the strategies of demand-side procurement first and supply-side subsidies second,and supply-side subsidies and demand-side procurement concur.This study helps deepen the understanding of demand-side innovation support policies and provides an important reference for further improvement of China's innovation incentive policies.展开更多
Poverty-stricken areas in China have the dual task of alleviating poverty and safeguarding national ecological security.Based on statistical surveys and satellite remote sensing data,we construct a staggered differenc...Poverty-stricken areas in China have the dual task of alleviating poverty and safeguarding national ecological security.Based on statistical surveys and satellite remote sensing data,we construct a staggered difference-in-difference model to empirically analyze the dual impact of poverty alleviation on the economic development and eco-environment of povertystricken areas.This study also examines viable pathways for economic development in poor areas in the context of ecological conservation.The results show that the poverty eradication campaign under the leadership of the Communist Party of China has significantly improved the rate of economic growth in poverty-stricken areas while also significantly improving the quality of the local eco-environment.Further analysis shows that ecological projects and ecological compensation make the greatest contribution to promoting the conversion of ecological resources into economic output in poverty-stricken areas.China's successful experience in green poverty alleviation can not only provide important policy enlightenment for the nation's continuation of its comprehensive revitalization drive in rural areas,but also provide new options for other developing countries to achieve their green take-off.展开更多
基金the“Research on Great Practice in the New Development Stage and Theoretical Innovation of Development Economics,”a major project of the National Social Science Fund of China(No.21&ZD071).
文摘The promotion of technological innovation in firms requires both the supply-push and the demand-pull.To accurately identify,assess,and further enhance the incentive effects of the policies of government procurement for innovation in China,this paper uses the text analysis method to identify government procurement for innovation from more than 640,000 pieces of government procurement contracts and conducts an empirical analysis based on the data of China's A-share listed firms from 2015 to 2020.The study finds that government procurement for innovation significantly promotes corporate innovation by increasing the expected market returns,reducing R&D uncertainty,and easing financing constraints.Specifically,local government procurement for innovation,central government procurement for innovation,and procurement for innovation by universities and research institutes bring more significant innovation incentives for firms;and government procurement for innovation generates stronger innovation incentives for firms in strategic and emerging industries,private firms,and small-and medium-sized enterprises.Further analysis reveals that demandside innovation procurement and supply-side innovation subsidies generally have mutually reinforcing synergies on corporate innovation.The policy synergies vary depending on the levels of corporate innovation and the orders of policy implementation.In terms of the levels of corporate innovation,the two-sided policies has mutually complementary effects on innovation-leading firms and mutually exclusive effects on innovation-lagging firms.From the perspective of the orders of policy implementation,the strategy of supply-side subsidies first,and demand-side procurement second is more effective in promoting corporate innovation than the strategies of demand-side procurement first and supply-side subsidies second,and supply-side subsidies and demand-side procurement concur.This study helps deepen the understanding of demand-side innovation support policies and provides an important reference for further improvement of China's innovation incentive policies.
基金This study was sponsored by the project"Reasonable Regulatory Range of Energy Price from the Perspective of High Energy-Efficient Capital Accumulation:Micro-Mechanisms and Simulation Analysis"(No.72073105)of the National Natural Science Foundation of Chinathe project"The Enhancing Potential and Realizing Paths of China's Industrial Total Factor Productivity:A Perspective of Energy Price Distortion Correction"(No.71774122)of the National Natural Science Foundation of Chinathe project"Research on Great Practice and Theoretical Innovation of Development Economics in the New Development Stage"(No.21&ZD071)of the Major Program of the National Social Science Foundation.
文摘Poverty-stricken areas in China have the dual task of alleviating poverty and safeguarding national ecological security.Based on statistical surveys and satellite remote sensing data,we construct a staggered difference-in-difference model to empirically analyze the dual impact of poverty alleviation on the economic development and eco-environment of povertystricken areas.This study also examines viable pathways for economic development in poor areas in the context of ecological conservation.The results show that the poverty eradication campaign under the leadership of the Communist Party of China has significantly improved the rate of economic growth in poverty-stricken areas while also significantly improving the quality of the local eco-environment.Further analysis shows that ecological projects and ecological compensation make the greatest contribution to promoting the conversion of ecological resources into economic output in poverty-stricken areas.China's successful experience in green poverty alleviation can not only provide important policy enlightenment for the nation's continuation of its comprehensive revitalization drive in rural areas,but also provide new options for other developing countries to achieve their green take-off.
