Taking the advanced technology of the foreign firm into account, a mixed duopoly three-stage game model is established in the context of research and development（RD）investment subsidies and product subsidies for dom...Taking the advanced technology of the foreign firm into account, a mixed duopoly three-stage game model is established in the context of research and development（RD）investment subsidies and product subsidies for domestic firms provided by the government, and the RD subsidy policy of domestic firms in competition with foreign firms is analyzed.The equilibrium output, RD investment of the domestic firm, social welfare and the value of government subsidies are derived, in the case of the two policies, RD investment subsidies and product subsidies for domestic firms, provided by the government. The results show that, the equilibrium output and the optimal social welfare under the RD investment subsidy policy are both less than those under the product subsidy policy; the optimal RD investment under the RD investment subsidy policy is less than that under the product subsidy policy; and the RD product subsidy has a more obvious incentive effect on firm RD investment. Under the background of the leading edge of technology of foreign firms, the product subsidy policy drawn up by the government to encourage RD innovation of domestic firms is more effective than the RD investment subsidy policy.展开更多
The co-establishment of joint laboratories with foreign firms is a new pattern of international S&T cooperation developed by the Shanghai Institute in line with its own features. The Institute’s practice has prov...The co-establishment of joint laboratories with foreign firms is a new pattern of international S&T cooperation developed by the Shanghai Institute in line with its own features. The Institute’s practice has proved that it is an effective model for promoting the commercialization of research results, and the industrialization of new technologies as well as making their way into the international market.展开更多
This study examines how the foreign experience of local oficials affects firms'exports in China.Using a matched sample from 2000 to 2012,we found that the foreign experience of municipal Party secretaries had a si...This study examines how the foreign experience of local oficials affects firms'exports in China.Using a matched sample from 2000 to 2012,we found that the foreign experience of municipal Party secretaries had a significant impact on the promotion of firms'exports,especially for private firms.This positive impact was more pronounced when officials went abroad at a younger age,stayed abroad for a longer period,returned to China for a longer time,and had greater promotion incentives.We found that officials'foreign experience helped to mitigate the negative impact of institutional distance and provided firms with better access to export subsidies,both of which could promote exporting.There was also a complementary effect when officials and executives both had foreign experience.Overall,our study provides some insights into the economic outcomes of officials'foreign experience and sheds light on the export performance of Chinese firms.展开更多
Investing in China still holds great appeal for foreign investors as their top choice since the countrys economic strength and business infrastructure offer opportunities not to be missed despite trade uncertainties.
基金The Special Project of Innovative Methods and Work Funded by Ministry of National Science and Technology of China(No.2013IM030600)
文摘Taking the advanced technology of the foreign firm into account, a mixed duopoly three-stage game model is established in the context of research and development（RD）investment subsidies and product subsidies for domestic firms provided by the government, and the RD subsidy policy of domestic firms in competition with foreign firms is analyzed.The equilibrium output, RD investment of the domestic firm, social welfare and the value of government subsidies are derived, in the case of the two policies, RD investment subsidies and product subsidies for domestic firms, provided by the government. The results show that, the equilibrium output and the optimal social welfare under the RD investment subsidy policy are both less than those under the product subsidy policy; the optimal RD investment under the RD investment subsidy policy is less than that under the product subsidy policy; and the RD product subsidy has a more obvious incentive effect on firm RD investment. Under the background of the leading edge of technology of foreign firms, the product subsidy policy drawn up by the government to encourage RD innovation of domestic firms is more effective than the RD investment subsidy policy.
文摘The co-establishment of joint laboratories with foreign firms is a new pattern of international S&T cooperation developed by the Shanghai Institute in line with its own features. The Institute’s practice has proved that it is an effective model for promoting the commercialization of research results, and the industrialization of new technologies as well as making their way into the international market.
基金supported by the National Natural Science Foundation of China(No.71802041),Liaoning Revitalization Talents Program(No.XLYC1907159),the Key Project of Social Science Fund of Liaoning Province(No.L20AGL009),and the Postgraduate Innovation Project of Shanghai University of Finance and Economics(No.CXJ2021304).The authors contributed equally.'According to statistics from the Ministry of Education of the People's Republic of China,the number of foreign students in 2016 was 544,500,an increase of 144,900(32.6 percent)from 2012.The total number of returnees was 432,500,an increase of 159,600 from 2012.Available from:http://www.moe.gov.cn/jyb_xwfb/xw_fbh/moe_2069/xwfbh_2017n/xwfb_170301/170301_sfcl/201703/t20170301_297675.html[online,cited November 2022].
文摘This study examines how the foreign experience of local oficials affects firms'exports in China.Using a matched sample from 2000 to 2012,we found that the foreign experience of municipal Party secretaries had a significant impact on the promotion of firms'exports,especially for private firms.This positive impact was more pronounced when officials went abroad at a younger age,stayed abroad for a longer period,returned to China for a longer time,and had greater promotion incentives.We found that officials'foreign experience helped to mitigate the negative impact of institutional distance and provided firms with better access to export subsidies,both of which could promote exporting.There was also a complementary effect when officials and executives both had foreign experience.Overall,our study provides some insights into the economic outcomes of officials'foreign experience and sheds light on the export performance of Chinese firms.
文摘Investing in China still holds great appeal for foreign investors as their top choice since the countrys economic strength and business infrastructure offer opportunities not to be missed despite trade uncertainties.
