GSTDTAP  > 气候变化
DOI10.1016/j.enpol.2019.03.009
Do government subsidies promote firm-level innovation? Evidence from the Korean renewable energy technology industry
Sung, Bongsuk
2019-09-01
发表期刊ENERGY POLICY
ISSN0301-4215
EISSN1873-6777
出版年2019
卷号132页码:1333-1344
文章类型Article
语种英语
国家South Korea
英文摘要

This study investigates how government policies affect firm-level innovation. To empirically test this relationship, we use panel data for the Korean renewable energy technology firms. Taking into account the results of various panel framework tests and sample size, we establish a panel vector autoregressive model in the first difference, and use a bias-corrected least squares dummy variable estimator to test complex dynamic relationships between public subsidies, firm heterogeneities (size, age, and slack), industry dynamic competition, and innovation. Based on the estimations, we find that there is a positive bidirectional causal relationship between firms' innovation and each of the following: research and development (R&D) subsidy, available organizational slack, and industry dynamic competition. Non-R&D subsidy, firm size, and age do not have significant direct effects on firm-level innovation. However, non-R&D subsidy is involved in the relationship between R&D subsidy and firms' innovation. We discuss some implications based on the findings of this study.


英文关键词Government subsidy Firm-level innovation Renewable energy technology industry Korea
领域气候变化
收录类别SCI-E ; SSCI
WOS记录号WOS:000483425800123
WOS关键词RESEARCH-AND-DEVELOPMENT ; PANEL-DATA ; ORGANIZATIONAL SLACK ; KNOWLEDGE SPILLOVERS ; SOUTH-KOREA ; DEMAND-PULL ; WIND ENERGY ; POLICY ; IMPACT ; SYSTEM
WOS类目Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies
WOS研究方向Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology
引用统计
文献类型期刊论文
条目标识符http://119.78.100.173/C666/handle/2XK7JSWQ/186487
专题气候变化
作者单位Kyonggi Univ, Dept Int Trade, 154-42 Gwanggyosan Ro, Suwon 16227, Gyeonggi Do, South Korea
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GB/T 7714
Sung, Bongsuk. Do government subsidies promote firm-level innovation? Evidence from the Korean renewable energy technology industry[J]. ENERGY POLICY,2019,132:1333-1344.
APA Sung, Bongsuk.(2019).Do government subsidies promote firm-level innovation? Evidence from the Korean renewable energy technology industry.ENERGY POLICY,132,1333-1344.
MLA Sung, Bongsuk."Do government subsidies promote firm-level innovation? Evidence from the Korean renewable energy technology industry".ENERGY POLICY 132(2019):1333-1344.
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