The Influence of Government R&D Subsidies on Enterprises’ R&D Subsidies and Innovation Efficiency in Guizhou Province
Author:Qi Cai, Ting Wu Author Unit: Department of Management Science, Guizhou University of Finances and Economics, Guiyang 550025, Guizhou, People’s Republic of China Department of Global Business & Entrepreneurship, Gachon University, Seongnam13120, Korea
Abstract：As a backward region in Chinas economic development, Guizhou province has problems such as too little R&D
investment in high-tech industries, low efficiency of independent research and development, and low enthusiasm
for technological innovation. Based on relevant data of high-tech industry in Guizhou province from 2009 to
2015, we studied the influence of government R&D subsidies on enterprises R&D investment and innovation
efficiency. The result shows that government R&D funding has a negative impact on enterprises R&D investment
and innovation efficiency, and there is no crowding out effect on enterprises R&D funding. On the contrary,
government R&D funding has a guiding and promoting effect on enterprises R&D investment.
