Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/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
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ISSN | 0301-4215 |
EISSN | 1873-6777 |
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 |
推荐引用方式 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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