Incentivizing Innovation: The Causal Role of Government Subsidies on Lithium-Ion Battery Research and Development
نویسندگان
چکیده
Governments design and implement policies to achieve a variety of goals, but perhaps none are as pressing shifting national economies away from non-renewable fuels towards more sustainable, environmentally-friendly technologies. To incentivize such transitions, governments provide subsidies private public companies innovate, i.e., engage in research development (R&D) develop those However, the question is using government (GS) perform R&D its answer determines effectiveness policies. Consequently, this paper seeks through investigating Chinese lithium-ion battery (LiB) firms GS they receive novel usage information flow (IF). Hausman tests, fixed- random-effects models confirmed weak, though positive correlation between determined by patent output (PO), interestingly, observations IF intimated that also affected other variables net profit (NP) main business income (MBI). This suggests being awarded for higher PO, corresponding increase expected growth company performance not occurring. Thus, it suggested than PO be used may ab (use) metric apply GS, rather performing leads technological breakthroughs.
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ژورنال
عنوان ژورنال: Sustainability
سال: 2021
ISSN: ['2071-1050']
DOI: https://doi.org/10.3390/su13158309