基于宏观视角下地方政府补贴对技术创新影响的实证分析

An Empirical Analysis of the Impact of Local Government Subsidies on Technological Innovation from a Macro Perspective

摘要: 从政府与企业博弈的结论切入，基于宏观视角下实证检验了地方政府补贴对技术创新的影响效应。研究表明，政府补贴对技术创新产生了显著促进作用，该影响力度在国有企业中更为明显。经稳健性检验后，该结论仍然有效。中介作用机制检验结果表明，地方政府提高科技财政补贴通过促进企业进行技术创新，进而对地方经济增长产生促进效应。由于经济增长促进地方政府财政收入的增加，财政收入增加又使得地方政府更有能力进行科技财政补贴，因此政府补贴对技术创新的影响存在着良性循环的发展过程。

Abstract: Starting from the conclusion of the game between government and enterprise, this paper empiri-cally tests the effect of local government subsidies on technological innovation from a macro per-spective. The research shows that government subsidies have a significant positive effect on tech-nological innovation, and the influence is more obvious in state-owned enterprises. The conclusion is still valid after robustness test. The results of the mediation mechanism test show that the in-crease of local government financial subsidies for technology has a promoting effect on local eco-nomic growth by promoting the technological innovation of enterprises. Since economic growth promotes the increase of local government fiscal revenue, and the increase of fiscal revenue makes local governments more capable of carrying out financial subsidies, there is a virtuous cycle in the development process of government subsidies on technological innovation.