Impact of the Belt and Road Policy on R&D Investment and Innovation Level of Enterprises Along the Line

DOI

10.2991/aebmr.k.220405.137How to use a DOI?

Keywords

The Belt and Road; R&D investment; Innovation output

Abstract

In recent years, “innovation-driven development strategy” is an important measure to adjust the supply-side structural reform. At the same time, the Belt and Road policy has become an important strategic layout for China. This paper selects the data of listed A-share companies from 2011 to 2018 and uses the DID model to explore whether the policy impact of “The Belt and Road” can significantly improve the company’s R&D investment. In addition, this paper will divide enterprises according to their ownership and explore the different responses of state-owned enterprises and private enterprises to policy impact. At the micro-level of firms, it is concluded that firms’ responses to policies have expected effects, and the mechanism of policy impact on R&D investment is analyzed. Finally, the paper concludes that the sustainability of the increase in R&D investment is difficult to predict and greatly affected by the impact of the policy environment.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article distributed under the CC BY-NC 4.0 license.

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TY  - CONF
AU  - Chenyang Guo
AU  - Feng Liu
PY  - 2022
DA  - 2022/04/29
TI  - Impact of the Belt and Road Policy on R&D Investment and Innovation Level of Enterprises Along the Line
BT  - Proceedings of the 2022 7th International Conference on Social Sciences and Economic Development (ICSSED 2022)
PB  - Atlantis Press
SP  - 817
EP  - 822
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220405.137
DO  - 10.2991/aebmr.k.220405.137
ID  - Guo2022
ER  -