Intellectual Property Protection,Product Market Competition And Enterprise Innovation Of China

Since the reform and opening up,various open policies have been introduced in China.With the trend of economic globalization and the division of labor in international industrialization,China's economy has developed rapidly.With the changes in the world economic situation,the traditional way of factor-driven development is no longer applicable,and the driving role of innovation in development is particularly important.Although the level of innovation in China has been continuously improved in recent years,there is still a certain gap with the developed countries.Intellectual property protection and product market competition are important factors influencing enterprise innovation,therefore,research on the impact of intellectual property protection and market competition for innovation is of great significance.This paper adopts the combination of theoretical analysis and empirical analysis.In the theoretical analysis part,it puts forward three hypotheses for Chinese enterprises:the impact of intellectual property protection on enterprise innovation is not clear;market competition can promote enterprise innovation;the impact of market competition and intellectual property protection on corporate innovation is a substitute or a complement for each other.In the empirical analysis part,in addition to analyzing all enterprises,the relationship among intellectual property protection,market competition and enterprise innovation is examined from three aspects by region,by industry and by nature of enterprise.They are basic estimates,endogenous estimates and robustness test.This paper uses China's 2007-2016 data to study the impact of intellectual property protection and market competition on corporate innovation,has the advantages against China's national conditions.This paper has the following conclusions:(1)For all enterprise,the impact of intellectual property protection and market competition on corporate innovation is mutually substitute,that is,in areas with stronger intellectual property protection,competition has weaker impact on corporate innovation.(2)Enterprises in the central region,enterprises in labor-intensive industries,technology-intensive industries market and state-owned enterprises also conform to conclusion(1);(3)In the eastern region,competition can promote enterprise innovation,and the impact of intellectual property protection,and the interaction between intellectual property protection and product market competition on innovation for enterprises is not clear;(4)In the western region,capital-intensive industries,private enterprises and foreign-funded enterprises,the intellectual property protection,the competition in the product market and the interaction between the two are not clear on the innovation of enterprises.