Government Support's Effect On R&D Efficiency And Its Threshold Effect

Abstract:High-tech represents the future direction of development of the technology and industrial. It not only brings about the rapid development of science and technology, but also would lead to a fundamental change of the global industrial structure, and promote the rapid development of productivity. The high-tech enterprise is an important carrier of technological innovation activities, playing an irreplaceable role in promoting national and regional R&D innovation, technological progress, and promoting the upgrading of industrial structure and improving labor productivity and economic. R&D innovation is the key to the realization of China's high technological corporate progress and technological breakthroughs, but not all of the R&D innovation activities are able to achieve R&D achievements and economic benefits that can be expected. This is due to the investment R&D innovation resources have not been fully utilized in the process of R&D innovation with reasonable configuration? Therefore, studying the differences in the efficiency of R&D innovation in the high-tech enterprises and analyzing the impact of Government's R&D subsidies for the efficiency of R&D innovation, have important implications for the development of future high-tech enterprises.R&D spillover effect and the spatial heterogeneity make the relationship between Government's R&D subsidies and R&D efficiency more complicated. Based on the perspective of spatial heterogeneity, I apply the spatial econometric model and the panel threshold model and inspect the relationship between government's R&D subsidies and R&D efficiency from 2000 to 2014. The empirical results show that R&D efficiency presents non balanced distribution in space. The subsidies have enhancing effect on R&D efficiency. But when government subsidies across a threshold, it is not so obvious for government subsidies to enhance the efficiency of R&D, and when the government subsidies across the second threshold value, the government subsidies have a negative impact on R&D efficiency. The obvious policy implies that the government should not blindly raise R&D subsidies, and should implement differentiation strategy of improving R&D efficiency according to the actual situation in the region.