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연구정보

연구정보

국내외 연구기관에서 발표된 중국 연구 자료를 수집하여 제공합니다.

연구보고서

Does the Crowd-Out Effect of R&D Subsidies Exist in the Pharmaceutical Industry? Evidence from Chinese Companies

Kejin Ni 2020-03-26

뉴스브리핑 상세보기

Dissenting from existing multi-industries work, this paper particularly takes the pharmaceutical entities in the Chinese industrial enterprise database as a sample and uses the threshold regression to examine the impact of government R&D subsidies on private R&D investment, patent quantity and new product sales. We find that government R&D subsidies can effectively crowd in private investment. However, due to the crowd-out threshold is too high, the crowd-out effect does not actually exist in the pharmaceutical industry. A similar story happens to new product sales; but for the number of patents, there is only promoting effect.

출처 SCIRP
원문링크 https://bit.ly/2WxiixD
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의약품산업 제약회사 R&D 대체 효과 중국 의약품

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