Original scientific paper
https://doi.org/10.1080/1331677X.2022.2120036
Implementation strategy of MEI policy and SME innovation: a Chinese analysis
Kai Zhao
Jun-mei Ye
Abstract
How to unify various policy tools into the same econometric
model framework has always been an important research issue.
This paper clarifies the connotation of MEI policy’s tool combination,
scientifically identifies the actual impact of R&D subsidy
tool, tax incentive tool, and their combination on SME innovation,
and explores the best implementation strategy of MEI policy, by
designing a reasonable and applicable policy identification framework.
This paper confirms that R&D subsidy tool and tax incentive
tool of MEI policy can form the obvious complementary effect in
promoting substantive innovation of SMEs, but the mutually
exclusive effect in promoting strategic innovation of SMEs. It is
shown that the single tax incentive is the best implementation
strategy of MEI policy to stimulate innovation for SMEs located in
the central region, and the policy tool combination strategy is the
best implementation scheme of MEI policy for SMEs located in
the western region.
Keywords
MEI policy; SME innovation; control function method; multi-level treatment effect model; implementation strategy
Hrčak ID:
306463
URI
Publication date:
31.3.2023.
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