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| An Analysis of the Influence of Government Subsidies on the Innovation of Military-Civil Integration Enterprises:based on the Dynamic Panel Model |
| Kong Zhaojun,Zhang Yumeng |
| (National Economy Mobilization Education and Training Center, Beijing Institute of Technology, Beijing 100081, China) |
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Abstract In order to deepen military-civilian integration and optimize resource allocation, it is of great practical significance to study the impact of government subsidies on the innovation of military-civilian integration enterprises.This paper selects samples of 127 military-civilian integration enterprises from 2007 to 2018 for empirical research, constructs a dynamic panel model of the impact of government subsidies on innovation input of military-civilian integration enterprises, and includes local financial expenditure on science and technology as a moderating variable.In order to solve the endogeneity problem, the rent-seeking variable of enterprises was constructed as the exogenous instrumental variable of government subsidy, and the difference GMM method was used to estimate it.The regression results show that the previous R&D investment of military-civilian integration enterprises has some influence on the current R&D investment, the government subsidy has a positive influence on the R&D investment of military-civilian integration enterprises, and the local finance science and technology expenditure has a magnifying effect on the positive influence of government subsidy.On the basis of empirical research, this paper puts forward policy suggestions for promoting the collaborative innovation of military-civilian integration.
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Received: 07 April 2020
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