TY - JOUR
T1 - Innovation policy in China
T2 - nationally promulgated but locally implemented
AU - Sun, Zhen
AU - Lei, Zhen
AU - Yin, Zhifeng
N1 - Funding Information:
This work was supported by The National Social Science Fund of China [grant number 17CJY007]
Publisher Copyright:
© 2018, © 2018 Informa UK Limited, trading as Taylor & Francis Group.
PY - 2018/12/15
Y1 - 2018/12/15
N2 - In China, policies are often announced at the national level but implemented locally. Innovation policies are no exceptions. This article studies China’s 50% R&D tax deduction policy, a key innovation policy promulgated by the central government in 2006. We find that the degree to which the policy was implemented during the period of 2006–2009 varied across the provinces and industries, which in turn had significant impacts on local firms’ innovation output. The findings of the heterogeneity in local implementation of national innovation policies are of important implications for both policy makers and innovation scholars.
AB - In China, policies are often announced at the national level but implemented locally. Innovation policies are no exceptions. This article studies China’s 50% R&D tax deduction policy, a key innovation policy promulgated by the central government in 2006. We find that the degree to which the policy was implemented during the period of 2006–2009 varied across the provinces and industries, which in turn had significant impacts on local firms’ innovation output. The findings of the heterogeneity in local implementation of national innovation policies are of important implications for both policy makers and innovation scholars.
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U2 - 10.1080/13504851.2018.1430315
DO - 10.1080/13504851.2018.1430315
M3 - Article
AN - SCOPUS:85053504529
SN - 1350-4851
VL - 25
SP - 1481
EP - 1486
JO - Applied Economics Letters
JF - Applied Economics Letters
IS - 21
ER -