不同类型政府研发资助如何影响对外直接投资的逆向创新溢出

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Abstract Under the background of significant changes in domestic and international environments,how to enhance the reverse innovation spillover effect of Outward foreign direct investment (OFDI)by using government R&D subsidies is the key to deepen the implementation of the“going out”strategy and innovation-driven strategy.Based on a perspective of the innovation value chain,this paper uses provincial panel data from 2009 to 2015 to investigate how different types of government R&D subsidies affect the reverse innovation spillover effect of OFDI.Results show that in the research and development stage,high-tech enterprises' tax deduction and exemption significantly promote reverse innovation spillover.In contrast,the direct R&D subsidies and the additional deduction and exemption of R&D expenses have a weaker effect.In the commercialization stage,the direct R&D subsidies restrain the reverse innovation spillover.However,the adverse effects of high-tech enterprises' tax deduction and exemption and the additional tax deduction for R&D expenses on reverse innovation spillover are weaker.Further analysis shows that the impact of different types of government R&D subsidies on the reverse innovation spillover of OFDI also varies across regions.Therefore,the authorities should implement pertinent supporting policies to different stages and regions to effectively release the reverse innovation spillover effect.

Key words： Government R&D subsidy Outward foreign direct investment (OFDI) Innovation value chain Reverse innovation spillover

Received: 30 June 2021

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F124.3

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	Shi Xing
	Zhu Luyao
	Wang Shuai

Cite this article:

Shi Xing,Zhu Luyao,Wang Shuai. How Do Different Types of Government R&D Subsidies Affect the Reverse Innovation Spillovers of OFDI?[J]. , 2022, 3(6): 47-56.

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http://www.zgkjlt.org.cn/EN/ OR http://www.zgkjlt.org.cn/EN/Y2022/V3/I6/47

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