| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w25098 |
| 来源ID | Working Paper 25098 |
| Corruption, Government Subsidies, and Innovation: Evidence from China | |
| Lily Fang; Josh Lerner; Chaopeng Wu; Qi Zhang | |
| 发表日期 | 2018-10-01 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | Governments are important financiers of private sector innovation. While these public funds can ease capital constraints and information asymmetries, they can also introduce political distortions. We empirically explore these issues for China, where a quarter of firms’ R&D expenditures come from government subsidies. Using a difference-in-differences approach, we find that the anticorruption campaign that began in 2012 and the departures of local government officials responsible for innovation programs strengthened the relationship between firms’ historical innovative efficiency and subsequent subsidy awards and depressed the influence of their corruption-related expenditures. We also examine the impact of these changes: subsidies became significantly positively associated with future innovation after the anti-corruption campaign and the departure of government innovation officials. |
| 主题 | Financial Economics ; Financial Institutions ; Public Economics ; Taxation ; Development and Growth ; Innovation and R& ; D |
| URL | https://www.nber.org/papers/w25098 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/582771 |
| 推荐引用方式 GB/T 7714 | Lily Fang,Josh Lerner,Chaopeng Wu,et al. Corruption, Government Subsidies, and Innovation: Evidence from China. 2018. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w25098.pdf（613KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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