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.
时省, 朱璐瑶, 王帅. 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[J]. 中国科技论坛, 2022(6): 47-56.
Shi Xing, Zhu Luyao, Wang Shuai. How Do Different Types of Government R&D Subsidies Affect the Reverse Innovation Spillovers of OFDI?. , 2022(6): 47-56.
[1]李娟,唐珮菡,万璐,等.对外直接投资、逆向技术溢出与创新能力——基于省级面板数据的实证分析[J].世界经济研究,2017(4):59-71. [2]李勃昕,韩先锋,黄钺.政府研发资助是否有利于撬动跨境投资的技术创新溢出? ——基于IFDI与OFDI双向演化的新视角[J].统计研究,2020,37(6):15-26. [3]陈浦秋杭,邓晶,陈清华.对外直接投资是否存在逆向技术溢出效应[J].世界经济与政治论坛,2020(6):158-166. [4]DUNNING J H.Trade,location of economic activity and the MNE:a search for an eclectic approach[M].London:Palgrave Macmillan,1977. [5]KOGUT B,CHANG S J.Technological capabilities and Japanese foreign direct investment in the United States[J].The review of economics and statistics,1991,73(3):401-413. [6]LI J,STRANGE R,NING L et al.Outward foreign direct investment and domestic innovation performance:evidence from China[J].International business review,2016,25(5):1010-1019. [7]李勃昕,韩先锋,刘斌.宏观税负是否影响了对外直接投资的创新溢出[J].财政研究,2019(10):87-99. [8]韩先锋,惠宁,宋文飞.OFDI逆向创新溢出效应提升的新视角——基于环境规制的实证检验[J].国际贸易问题,2018(4):103-116. [9]杨世迪,刘亚军.中国对外直接投资逆向绿色创新价值链外溢效应研究[J].大连理工大学学报(社会科学版),2020,41(6):57-66. [10]荣枢,杨明晖,曾晶,等.政府扶持政策促进了中国OFDI逆向技术溢出吗——基于门槛效应分析[J].宏观经济研究,2020(11):86-101. [11]FU X,HOU J,LIU X.Unpacking the relationship between outward direct investment and innovation performance:evidence from Chinese firms[J].World development,2018,102:111-123. [12]HANSEN M T,BIRKINSHAW J.The innovation value chain[J].Harvard business review,2007,85(6):121. [13]CHEN X,LIU Z,ZHU Q.Performance evaluation of China's high-tech innovation process:analysis based on the innovation value chain[J].Technovation,2018,74:42-53. [14]HOWELL A,LIN J,WORACK S.Going out to innovate more at home:impacts of outward direct investments on Chinese firms' domestic innovation performance[J].China economic review,2020,60:101404. [15]CHEN V Z,LI J,SHAPIRO D M.International reverse spillover effects on parent firms:evidences from emerging-market MNEs in developed markets[J].European management journal,2012,30(3):204-218. [16]庞兰心,官建成,高峰.国际技术知识溢出效应及其影响因素研究[J].管理评论,2019,31(1):81-89. [17]程华,赵祥.政府科技资助对企业R&D产出的影响——基于我国大中型工业企业的实证研究[J].科学学研究,2008(3):519-525. [18]白俊红,李婧.政府R&D资助与企业技术创新——基于效率视角的实证分析[J].金融研究,2011(6):181-193. [19]杨洋,魏江,罗来军.谁在利用政府补贴进行创新? ——所有制和要素市场扭曲的联合调节效应[J].管理世界,2015(1):75-86,98,188. [20]陈朝月,许治.政府研发资助不同方式对企业开放式创新的影响探究[J].管理学报,2018,15(11):1655-1662. [21]肖丁丁,朱桂龙,王静.政府科技投入对企业R&D支出影响的再审视——基于分位数回归的实证研究[J].研究与发展管理,2013,25(3):25-32. [22]肖文,林高榜.政府支持、研发管理与技术创新效率——基于中国工业行业的实证分析[J].管理世界,2014(4):71-80. [23]MARINO M,LHUILLERY S,PARROTTA P,et al.Additionality or crowding-out? An overall evaluation of public R&D subsidy on private R&D expenditure[J].Research policy,2016,45(9):1715-1730. [24]余明桂,回雅甫,潘红波.政治联系、寻租与地方政府财政补贴有效性[J].经济研究,2010,45(3):65-77. [25]DU J,MICKIEWICZ T.Subsidies,rent-seeking and performance:being young,small or private in China[J].Journal of business venturing,2016,31(1):22-38. [26]张继良,李琳琳.R&D资助差异与企业技术创新阶段的关系研究[J].科学学研究,2014,32(11):1740-1746. [27]马文聪,李小转,廖建聪,等.不同政府科技资助方式对企业研发投入的影响[J].科学学研究,2017,35(5):689-699. [28]马文聪,叶阳平,李小转,等.政府科技资助对企业研发产出的影响——基于我国大中型工业企业的实证研究[J].管理评论,2019,31(11):94-107. [29]李梅,袁小艺,张易.制度环境与对外直接投资逆向技术溢出[J].世界经济研究,2014(2):61-66,74,89. [30]毛昊,尹志锋,张锦.中国创新能够摆脱“实用新型专利制度使用陷阱”吗[J].中国工业经济,2018(3):98-115. [31]陈强远,林思彤,张醒.中国技术创新激励政策:激励了数量还是质量[J].中国工业经济,2020(4):79-96. [32]张洪辉.上市公司的财政补贴:“雪中送炭”还是“锦上添花”[J].经济评论,2015(3):134-146. [33]韩先锋.中国对外直接投资逆向创新的价值链外溢效应[J].科学学研究,2019,37(3):556-567,576. [34]李梅,柳士昌.对外直接投资逆向技术溢出的地区差异和门槛效应——基于中国省际面板数据的门槛回归分析[J].管理世界,2012,(1):21-32. [35]王桂军,张辉.“一带一路”与中国OFDI企业TFP:对发达国家投资视角[J].世界经济,2020,43(5):49-72.