How Will Different Types of Regional Innovation Policy and Their Mixes Affect the Innovation Performance of Enterprises: An Empirical Study Based on Shenzhen

Evaluating the functional boundary of different types of innovation policy instruments and their mixes on innovation performance of enterprises is an important but unresolved key issue.This paper,based on the systematically carding the quantization of 155 innovation policies issued by Shenzhen governmental departments from 2011 to 2019,analyzed the characteristics from different types of innovation instruments and their mixes.The results show that Shenzhen governmental has constantly enriched innovation policy instruments for encouraging enterprise innovation,but there are structural unbalances in the issued innovation policy manifested as follows:firstly supply-side policy and environmental-side policy were promulgated more than demand-side policy;secondly the specific instruments employed by Shenzhen governmental were also uneven in different type of innovation policy,like supply-side policy focused on the instruments of government procurement and R&D outsourcing,demand-side policy employed human resource training,innovation infrastructure and fiscal support most,and environmental-side policy main used target planning,intellectual property protection and financial support.This study expands and understanding empirical implementation of different reginal innovation policy instruments,and has implication for Shenzhen governmental in improving the applicability ability of policies in the enterprises innovation.

Mixed Monetary-Fiscal Policies and Macroeconomic Fluctuations:An Analysis Based on the Dynamic Stochastic General Equilibrium Model

The existing literature on macroeconomic policy research is mainly concerned with the impact of a single monetary or fiscal policy on China 5 macroeconomic fluctuations in a closed economy.However,the effect of a mix of monetary and fiscal policies has been neglected.This paper addresses this issue with an open economy dynamic stochastic general equilibrium model.It applies impulse-response and welfare analyses to explore the stabilization effect of various mixes of monetary and fiscal policies.The results show that the optimal monetary policy and fiscal policy mix varies in different cases.When government spending shocks happen,the aggressive fiscal policy and passive monetary policy would be the best choice.In contrast,for domestic interest rate shocks,foreign interest rate shocks,and foreign consumption shocks,the passive fiscal policy and aggressive monetary policy are more applicable.This article explains China's economic fluctuations and highlights the importance of mix of monetary and fiscal policies in the face of different shocks.

Research on the Effect Evaluation of Protected Space Driving New Technologies Industrialization from the Perspective of ST

Based on the perspective of sustainability transitions(ST)theory,the paper dissects the opera-tional mechanisms of protected space driving emerging technology industrialization from an external system perspective,which is on the basis of defining essential characteristics and func-tional attributes of protected space.Meanwhile,it structures a three-dimensional evaluation model of protected space from the perspective of internal mechanism by introducing the policy mixes method.Finally,taking the Chinese New Energy Vehicle(NEV)industry as the example and using the system dynamics modeling method,the paper designs different simulation schemes from three dimensions of horizontal evolution trend,three types of policy instrument change and policy mixes of protected space,to predict and analyze the operation effect of protected space.The results show that the Chinese NEV industry is in the stage of market niche entry,and corresponding measures should be taken to increase the market scale,form effective demand and scale effect,and promote the diffusion of market niche;the effect of policy mixes is better than that of the single policy instrument;specific policy mixes should be adopted to develop simultaneously from both the supply and demand sides to improve the industrialization level of NEV.

Assessment of the macro-economic impacts of low-carbon road transportation policies in Chongqing,China

Reductions in the transportation sector's carbon dioxide emissions are increasingly of global concern.As one of the first low-carbon pilot and carbon trading pilot cities,and as one of the largest automobile production bases in China,Chongqing has multiple low-carbon transportation policies that are coupled.In this study,three policy scenarios are set,including:1)improving the fuel economy of newly sold gasoline passenger cars to 5.71 per 100 km by 2020,2)promoting pure electric private cars to increase the share to 7% of private car sales by 2020,and 3)the policy mix scenario of the above two policies.Simulations are undertaken with the Chinese Academy of Sciences general equilibrium(CAS-GE)model,a type of computable GE model,to assess the macro-economic impact and the industrial impact of the three policy scenarios.Through the policy impact mechanism analysis and data-mapping process,the micro-economic impact analysis results,including costs and fuel savings,for the two policies from the bottom-up model are taken as the shock variables and inputs for the CAS-GE model.The results show that:1)the two policies will both have a slightly negative impact(-0.09% and -0.30%)on Chongqing's GDP in 2020;2)the employment rate will decrease by 0.12% and 0.47%,but the inflation rate will be restrained to a certain extent(-0.21% and -0.17%);and 3)the complementarity of the mixed policy can weaken the negative impact of the two policies when implemented separately.The mixed policy will reduce the GDP slightly by 0.37%,compared with the cumulative effect of the two policies implemented separately,resulting in cost-effective synergies at the macroeconomic impact level;and 4)the COVID-19 pandemic in 2020 has an uncertain impact on the results.The method and results can provide a reference for the formulation and adjustment of low-carbon transportation policies in other large cities.