An Analysis on the Influence of R&D Fiscal and Tax Subsidies on Regional Innovation Efficiency: Empirical Evidence from China

To promote the National Mid-andLong-Term Scientific and Technical Development Program, utilizing the technical innovation data from 30 provinces of China from2002–2016, this paper evaluates the inter-provincial differences of China’s regional innovation efficiency from four aspects of technical effi...

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Autores principales:	Weijiang Liu, Yue Bai
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	regional innovation efficiency DEA-Malmquist R&D fiscal and tax subsidies government subsidies pretax additional deduction policy Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
Acceso en línea:	https://doaj.org/article/ee36107caa3e4315b3f7d14f174d6c11
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spelling	oai:doaj.org-article:ee36107caa3e4315b3f7d14f174d6c112021-11-25T19:03:43ZAn Analysis on the Influence of R&D Fiscal and Tax Subsidies on Regional Innovation Efficiency: Empirical Evidence from China10.3390/su1322127072071-1050https://doaj.org/article/ee36107caa3e4315b3f7d14f174d6c112021-11-01T00:00:00Zhttps://www.mdpi.com/2071-1050/13/22/12707https://doaj.org/toc/2071-1050To promote the National Mid-andLong-Term Scientific and Technical Development Program, utilizing the technical innovation data from 30 provinces of China from2002–2016, this paper evaluates the inter-provincial differences of China’s regional innovation efficiency from four aspects of technical efficiency, efficiency index change, returns to scale, and projection analysis by using the DEA-Malmquist index method and constructs of the DEA-Tobit random response model to explore the impact of government funding on regional innovation efficiency. The research results show that: (1) The local development of regional innovation efficiency in China is unbalanced, and the level of pure technical efficiency restricts the improvement of innovation efficiency. (2) In the prophase of the scientific and technical development plan, technological progress has led to the growth of total factor productivity, resulting in the formation of scale effect; in the later stage, the scale return shows an overall increasing trend, and the continuous expansion of technological scale and opportunities has improved the regional innovation efficiency. (3) The R&D fiscal and tax subsidies have policy sustainability, and the direct government funding can significantly improve innovation efficiency, while the enterprises investment is opposite, and the pretax additional deduction has a negative but not significant impact. The government should give priority to direct subsidy and supplemented by tax preference, making reasonable policy allocations to expand the policy effect.Weijiang LiuYue BaiMDPI AGarticleregional innovation efficiencyDEA-MalmquistR&D fiscal and tax subsidiesgovernment subsidiespretax additional deduction policyEnvironmental effects of industries and plantsTD194-195Renewable energy sourcesTJ807-830Environmental sciencesGE1-350ENSustainability, Vol 13, Iss 12707, p 12707 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	regional innovation efficiency DEA-Malmquist R&D fiscal and tax subsidies government subsidies pretax additional deduction policy Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
spellingShingle	regional innovation efficiency DEA-Malmquist R&D fiscal and tax subsidies government subsidies pretax additional deduction policy Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350 Weijiang Liu Yue Bai An Analysis on the Influence of R&D Fiscal and Tax Subsidies on Regional Innovation Efficiency: Empirical Evidence from China
description	To promote the National Mid-andLong-Term Scientific and Technical Development Program, utilizing the technical innovation data from 30 provinces of China from2002–2016, this paper evaluates the inter-provincial differences of China’s regional innovation efficiency from four aspects of technical efficiency, efficiency index change, returns to scale, and projection analysis by using the DEA-Malmquist index method and constructs of the DEA-Tobit random response model to explore the impact of government funding on regional innovation efficiency. The research results show that: (1) The local development of regional innovation efficiency in China is unbalanced, and the level of pure technical efficiency restricts the improvement of innovation efficiency. (2) In the prophase of the scientific and technical development plan, technological progress has led to the growth of total factor productivity, resulting in the formation of scale effect; in the later stage, the scale return shows an overall increasing trend, and the continuous expansion of technological scale and opportunities has improved the regional innovation efficiency. (3) The R&D fiscal and tax subsidies have policy sustainability, and the direct government funding can significantly improve innovation efficiency, while the enterprises investment is opposite, and the pretax additional deduction has a negative but not significant impact. The government should give priority to direct subsidy and supplemented by tax preference, making reasonable policy allocations to expand the policy effect.
format	article
author	Weijiang Liu Yue Bai
author_facet	Weijiang Liu Yue Bai
author_sort	Weijiang Liu
title	An Analysis on the Influence of R&D Fiscal and Tax Subsidies on Regional Innovation Efficiency: Empirical Evidence from China
title_short	An Analysis on the Influence of R&D Fiscal and Tax Subsidies on Regional Innovation Efficiency: Empirical Evidence from China
title_full	An Analysis on the Influence of R&D Fiscal and Tax Subsidies on Regional Innovation Efficiency: Empirical Evidence from China
title_fullStr	An Analysis on the Influence of R&D Fiscal and Tax Subsidies on Regional Innovation Efficiency: Empirical Evidence from China
title_full_unstemmed	An Analysis on the Influence of R&D Fiscal and Tax Subsidies on Regional Innovation Efficiency: Empirical Evidence from China
title_sort	analysis on the influence of r&d fiscal and tax subsidies on regional innovation efficiency: empirical evidence from china
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/ee36107caa3e4315b3f7d14f174d6c11
work_keys_str_mv	AT weijiangliu ananalysisontheinfluenceofrdfiscalandtaxsubsidiesonregionalinnovationefficiencyempiricalevidencefromchina AT yuebai ananalysisontheinfluenceofrdfiscalandtaxsubsidiesonregionalinnovationefficiencyempiricalevidencefromchina AT weijiangliu analysisontheinfluenceofrdfiscalandtaxsubsidiesonregionalinnovationefficiencyempiricalevidencefromchina AT yuebai analysisontheinfluenceofrdfiscalandtaxsubsidiesonregionalinnovationefficiencyempiricalevidencefromchina
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An Analysis on the Influence of R&D Fiscal and Tax Subsidies on Regional Innovation Efficiency: Empirical Evidence from China

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