补贴
政策组合
全要素生产率
面板数据
生产力
多级模型
经济
不可见的
业务
测量数据收集
实证研究
公共经济学
计量经济学
经济增长
宏观经济学
市场经济
统计
认识论
机器学习
哲学
计算机科学
数学
作者
Hiroyuki Okamuro,Junichi Nishimura
出处
期刊:RePEc: Research Papers in Economics - RePEc
日期:2019-01-01
摘要
Regional innovation policies have been implemented in several countries. In Japan, the controlled decentralization of traditionally centralized innovation policy is ongoing. Thus, we can observe the multilevel policy mix of public R&D (research and development) subsidies by national, prefecture, and city governments. However, empirical studies on multilevel R&D support, using panel data and considering the municipality level, are scarce. Based on original survey data and on the financial data for manufacturing SMEs (small and medium sized enterprises), we estimate their TFP (total factor productivity) and we empirically investigate the effects of public R&D subsidies by national, prefecture, and city governments. We employ firm-level fixed effect panel estimation to control for the effects of any unobservable time-invariant factors. We find that, with a two year lag, city and prefecture subsidies show positive and significant effects on TFP, which also persisted after the subsidy period. However, multilevel subsidies, especially those involving city subsidies, additionally and persistently increase recipients’ TFP. These results suggest significant advantages for the multilevel policy mix, especially those involving the city subsidy.
科研通智能强力驱动
Strongly Powered by AbleSci AI