A Research on the Impact of National High-teach Zone Establishment on Enterprise Innovation Performance
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Abstract Taking the establishment of national high-tech zones as a “quasi-natural experiment” and adopting the Difference-in-Differences-Propensity Score Matching, this paper empirically analyzes the impact of the establishment of national high-tech zones on the innovation performance of enterprises, based on the data of micro-enterprises from 2006 to 2018. Empirical results show: The establishment of the national high-tech zone has a significant role in promoting corporate innovation performance; The national high-tech zones in underdeveloped areas in the central and western regions have a more significant impact on corporate innovation performance; National high-tech zones can better promote the innovation performance of non-state-owned enterprises and high-tech industries. By using the intermediary effect, this paper also tests the mechanism of the national high-tech zone on enterprise innovation performance, and finds that the national high-tech zone affects enterprise innovation performance through R&D talents and financing constraints. The research conclusion of this paper shows that the national high-tech zone is an important strategy to promote the development of high-tech industries and the improvement of enterprise innovation capabilities. The government should take advantage of the situation and make full use of the non-market effect.
WANG Wensheng,XU Tianshu. A Research on the Impact of National High-teach Zone Establishment on Enterprise Innovation Performance. Economic Survey, 2020, 37(6): 076.