政策驱动型创新——来自中国的研究

Policy-Driven Innovation—The Case of China

  • 摘要: 政府的政策往往难以准确度量,地方政府有许多正式或非正式的政策工具可以使用,导致这一问题在中国更为突出。本文提出可以通过计算各省官方报纸中提到“专利”一词的文章数量,并用总文章数量对其平减调整,以此来衡量政府支持创新的政策力度。基于此本文研究了这些创新政策措施对2001—2010年上市公司的专利活动的影响。由于各省发生的救灾活动可能会争夺政府对创新的关注和资源,因此本文利用其作为工具变量来处理政策的内生性问题。结果显示,政府的创新政策在增加了上市公司专利申请数量的同时并没有降低其质量,这种影响在广延边际上最为突出。此外,非国有企业对创新政策的反应更强烈,部分原因是它们更有可能处于广延边际。

     

    Abstract: Government policies are often difficult to measure. This is especially true in China, where local governments have numerous, formal or informal, policy tools at their disposal.  This paper propose a measure of pro-innovation policy effort by counting the number of articles mentioning “专利” (patent) in each official provincial newspaper and deflating it with a proxy for the number of total articles. We then examine the effect of such policy measures on the patenting activities of listed firms from 2001 to 2010. To deal with policy endogeneity, we adopt an instrumental variable approach that leverages on the possibility that provincial-level disaster relief activities compete for governmental attention and resources devoted to innovation. Our results show that innovation policies increase the number of patent applications filed by listed firms without reducing their quality. This effect is most salient on the extensive margin. Non-state-owned enterprises (SOEs) are more responsive to innovation policies, partly because they are more likely to be on the extensive margin.

     

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