Department of Finance Academy, National University Odessa Maritime Academy, Odessa, Ukraine
Mini Review
The Variable Impact of Central and Local Subsidies on Businesses′ Innovation
Author(s): Daniel Armeanu*
The Chinese government has been able to increase its investment in R&D because to four decades of tremendous economic expansion. In terms
of absolute spending, China is the world's second-biggest investor in food and agricultural research, and the greatest investor when measured in
terms of purchasing power parity. This study examines the diverse effects of central subsidies and local subsidies using a special panel dataset
gathered in 2019 in China's seed firm using fixed effect models. This study specifically examines whether government incentives encourage
innovation among businesses. The study then clarifies whether local vs central subsidies have different effects. According to the estimation results,
central subsidies have a favourable impact on a company's innovation, whereas local subsidies have a negative impact... Read More»
DOI:
10.37421/2375-4389.2022.10.381
Journal of Global Economics received 1931 citations as per Google Scholar report