scholarly journals Threshold Effect of the Internet on Regional Innovation in China

2021 ◽  
Vol 13 (19) ◽  
pp. 10797
Author(s):  
Congbo Chen ◽  
Azhong Ye
Keyword(s):  
Knowledge Spillovers ◽  
Positive Impact ◽  
Threshold Effect ◽  
Knowledge Spillover ◽  
Policy Implications ◽  
Regional Innovation ◽  
Data Set ◽  
Spatial Autoregressive ◽  
Internet Business ◽  
The Government

Internet business adoption is an essential determinant of regional innovation which has received little attention in the literature. This paper emphasizes the role and threshold effect of Internet business adoption in increasing regional innovation outputs. We construct a threshold spatial autoregressive model to illustrate the nonlinear positive impact of Internet business adoption on innovation, simultaneously estimating interregional knowledge spillovers. To test threshold effect and interregional knowledge spillover, we use province-level panel data set in China and calculate Moran’s I and LR-like statistics to confirm the nonlinearity and spatial dependence. Within the empirical model, we find a positive relationship between the number of websites owned by local firms and the number of patents filed in that specific region. Our analysis suggests that Internet business adoption has a greater marginal benefit on the innovation of isolate regions. The results also indicate that ignoring interregional knowledge spillover may cause mistakes in the model on regional innovation systems. Policy implications for these results suggest that the government should not only pay attention to Internet development of the whole country but also encourage the reduction of digital divisions among regions

scholarly journals Policies, economic incentives and the adoption of modern irrigation technology in China

2015 ◽  
Vol 6 (2) ◽  
pp. 399-410 ◽  
Author(s):  
R. Cremades ◽  
J. Wang ◽  
J. Morris
Keyword(s):  
Agricultural Sector ◽  
Negative Impact ◽  
Positive Impact ◽  
Economic Incentives ◽  
Policy Implications ◽  
Irrigation Efficiency ◽  
Community Based ◽  
Data Set ◽  
Irrigation Technology ◽  
Governmental Support

Abstract. The challenges China faces in terms of water availability in the agricultural sector are exacerbated by the sector's low irrigation efficiency. To increase irrigation efficiency, promoting modern irrigation technology has been emphasized by policy makers in the country. The overall goal of this paper is to understand the effect of governmental support and economic incentives on the adoption of modern irrigation technology in China, with a focus on household-based irrigation technology and community-based irrigation technology. Based on a unique data set collected at household and village levels from seven provinces, the results indicated that household-based irrigation technology has become noticeable in almost every Chinese village. In contrast, only about half of Chinese villages have adopted community-based irrigation technology. Despite the relatively high adoption level of household-based irrigation technology at the village level, its actual adoption in crop sown areas was not high, even lower for community-based irrigation technology. The econometric analysis results revealed that governmental support instruments like subsidies and extension services policies have played an important role in promoting the adoption of modern irrigation technology. Strikingly, the present irrigation pricing policy has played a significant but contradictory role in promoting the adoption of different types of modern irrigation technology. Irrigation pricing showed a positive impact on household-based irrigation technology, and a negative impact on community-based irrigation technology, possibly related to the substitution effect that is, the higher rate of adoption of household-based irrigation technology leads to lower incentives for investment in community-based irrigation technology. The paper finally concludes and discusses some policy implications.

scholarly journals Ownership feature and firm performance via corporate innovation performance

2018 ◽  
Vol 25 (2) ◽  
pp. 239-250 ◽  
Author(s):  
Dung Nguyen ◽  
Hoai Nguyen ◽  
Kien S. Nguyen
Keyword(s):  
Firm Performance ◽  
Positive Impact ◽  
Policy Implications ◽  
Ownership Concentration ◽  
Likelihood Method ◽  
Sales Growth ◽  
Reverse Causality ◽  
Data Set ◽  
Content Type ◽  
Cmp Model

Purpose The purpose of this paper is to investigate the simultaneous relationship among ownership concentration, innovation and firm performance of the small- and medium-sized enterprises (SMEs) in Vietnam during the 2011–2015. By employing a Conditional Mixed Process (CMP) model, the findings show that: there is no impact of ownership concentration on innovation, but it has a positive impact on sales growth; innovation positively affects firm performance; and there exists a positively reverse causality from sales growth to innovation. Design/methodology/approach In this study, the authors propose the adaption of CMP model (Roodman, 2011). The nature of the first stage dependent variable – Innovation – is a binary one while the dependent variable Performance is continuous. Therefore, a model that can adapt the binary nature of the dependent variable and perform the estimation of a system of equations such as CMP model is preferred. The CMP framework is substantially that of seemingly unrelated regression, but with application in a larger scope. This approach is based on a “simulated maximum likelihood method” suggested by Geweke–Hajivassiliou–Keane algorithm. Findings By applying CMP method, this study examines the simultaneous relationship among ownership concentration, innovation and firm performance of the SMEs in Vietnam from 2011 to 2015. The findings indicate that: there is no impact of ownership concentration on innovation, but it has a positive impact on sales growth; innovation positively affects firm performance; and there exists a positively reverse causality from sales growth to innovation. Research limitations/implications In spite of the efforts to explore the simultaneous relationship among ownership concentration, innovation and firm performance of the SMEs in Vietnam, the study still has some limitations which are promising further research directions. First, the SME surveys by Central Institute for Economic Management do not have much information about other types of ownership including state-owned and foreign ownership. Therefore, possible further studies with richer data sets may explore the impacts of different types of ownership on firm innovation and performance. Second, other types of innovation such as organizational innovation, marketing innovation can also be investigated in further studies in a richer data set for the case of Vietnam SMEs. Originality/value The findings show that: there is no impact of ownership concentration on innovation, but it has a positive impact on sales growth; innovation positively affects firm performance; and there exists a positively reverse causality from sales growth to innovation. The policy implications insist on facilitating SMEs with easier access to capital via loans with preferred interest or trust loans without collateral, training programs for the labor force and SME leaders, and reduction of unnecessary administrative procedure.

scholarly journals Do City Size and Population Density Influence Regional Innovation Output Evidence from China?

2021 ◽  
Vol 2021 ◽  
pp. 1-10
Author(s):  
Cai Shukai ◽  
Wang Haochen ◽  
Zhou Xiaohong
Keyword(s):  
Population Density ◽  
Large Scale ◽  
Positive Impact ◽  
Threshold Value ◽  
Threshold Effect ◽  
The Other ◽  
City Size ◽  
Regional Innovation ◽  
Innovation Output ◽  
The Impact

This paper proposed a substantial gap to a large-scale population density and city size on regional innovation output. To measure the impact of population density and city size on regional innovation output, this study employs the threshold effect model with panel data of 230 prefectures and cities from 2007 to 2016. Based on the econometric analysis, the results exhibit a positive and significant relationship between population density, city size, and innovation output. This correlation suggests that when one factor increases, the other increases in the parallel direction and vice versa. Moreover, when the city size expands the threshold value of 2.934 percent, the innovation promotes and increases the effects of urban-scale expansion. On the other hand, for medium- and low-density cities, the increase of urban population density has a significant and positive impact on urban innovation output. However, for high-density cities, the increase of population density has no significant impact on innovation output.

Split-share reforms and capital structure adjustment in China: a dynamic panel fractional estimation

2020 ◽  
Vol 47 (6) ◽  
pp. 1265-1280
Author(s):  
Tanveer Ahsan ◽  
Sultan Sikandar Mirza ◽  
Bakr Al-Gamrh ◽  
Muhammad Zubair Tauni
Keyword(s):  
Capital Structure ◽  
Positive Impact ◽  
Easy Access ◽  
Dynamic Panel ◽  
Chinese Firms ◽  
Data Set ◽  
Content Type ◽  
Structure Adjustment ◽  
The Government ◽  
Nonfinancial Firms

PurposeThe purpose of this study is to explain the adjustment rate toward the target capital structure of Chinese nonfinancial listed firms and to investigate the impacts of the split-share reforms (2005–2006) on the capital structure adjustment rate.Design/methodology/approachThe authors control for the unobserved heterogeneity and the fractional nature of the adjustment rate by applying an unbiased dynamic panel fractional estimator on the unbalanced panel data of 27,545 firm-year observations of Chinese nonfinancial firms listed during 1998–2015.FindingsThe authors find that Chinese firms adjust at an annual rate of 19–27% to reach their capital structure targets. The authors also find a positive impact of the split-share reforms on the adjustment rates of Chinese nonfinancial firms toward their target capital structure. Split-share reforms also helped Chinese firms to increase the use of equity financing in their capital structure.Practical implicationsThe authors argue that the government should strengthen capital markets to enable easy access to more financing options so that Chinese firms can acquire cheaper external financing.Originality/valueTo the best of authors' knowledge, this is the first study that applies an unbiased dynamic panel fractional estimator on an extended data set of 27,545 firm-year observations of Chinese nonfinancial firms listed during 1998–2015.

scholarly journals The Impact of Policy Factors and Users’ Awareness on Electricity-Saving Behaviors: From the Perspective of Habits and Investment

2020 ◽  
Vol 12 (12) ◽  
pp. 4815 ◽  
Author(s):  
Lanlan Li ◽  
Huayang Ming ◽  
Ranran Yang ◽  
Xuan Luo
Keyword(s):  
Positive Impact ◽  
Behavioral Control ◽  
Moral Norm ◽  
Policy Implications ◽  
Perceived Behavioral Control ◽  
Saving Behavior ◽  
The Government ◽  
Electricity Saving ◽  
Investment Intentions ◽  
The Impact

Exploring the factors affecting residents’ electricity-saving behavior and their mechanisms of action is an important way to conserve regional energy and reduce emissions. Integrating the theory of planned behavior (TPB) and norm activation model (NAM) and introducing the external policy factors, a model of the factors influencing habituation and investment electricity-saving behavior was constructed and an empirical study of urban residents in Hefei city, China was conducted. The results show that residents’ knowledge of the electricity price policy indirectly affects their habitual intentions by affecting their attitudes whereas residents’ knowledge of the subsidy policy have direct effects on their investment intentions. Environmental concern can directly affect residents’ habituation and investment intentions and also indirectly affect their habituation ones by affecting their personal moral norm. However, its indirect effect on the investment intention is not significant. Perceived behavioral control has a significant positive impact on residents’ investment intentions and behaviors, but the impacts on their habituation ones are not significant. The relationships between the personal moral norm and the two kinds of intention and behavior are opposite to those of perceived behavior control. Relevant policy implications for the government, household appliance enterprises, and power enterprises are provided.

Public investment in agricultural R&D and extension

2015 ◽  
Vol 7 (1) ◽  
pp. 86-101 ◽  
Author(s):  
Dandan Zhang ◽  
Chunlai Chen ◽  
Yu Sheng
Keyword(s):  
Productivity Growth ◽  
Knowledge Spillovers ◽  
Moving Average ◽  
Public Investment ◽  
Agricultural Productivity ◽  
Policy Implications ◽  
Data Set ◽  
Content Type ◽  
D Investment

Purpose – The purpose of this paper is to analyze the effects of public investment in agricultural R&D and extension on broadacre farming productivity in Australia. Design/methodology/approach – An autoregressive integrated moving average (ARIMA) regression model is applied to estimate the effects of public investment in agricultural R&D and extension on Australian braodacre productivity. Findings – The study reveals that public investment in agricultural R&D and extension has contributed almost two-thirds of average annual broadacre productivity growth between 1952-1953 and 2006-2007, the average internal rate of return to public investment in agricultural R&D and extension was 28.4 and 47.5 per cent a year, respectively, and overseas spill-ins is an important source of domestic agricultural productivity growth. Practical implications – Policy implications: the findings suggest that increasing public investment in agricultural R&D and extension and maintaining agricultural R&D policy stability are equally important to have a sustained long-term agricultural productivity growth, and maintaining an open trade and investment regime is important to benefit from foreign knowledge spillovers which is especially important for developing countries. Originality/value – This paper contributes to the existing literature by employing more sophisticated econometric techniques with an extended data set for the period from 1952-1953 to 2006-2007. The study separates the contribution of public R&D investment and the extension investment, and also takes into account the contribution of overseas public investment on the TFP growth in the Australian broadacre sector.

scholarly journals Start-ups, Innovation and Knowledge Spillovers

2021 ◽  
Author(s):  
David Bruce Audretsch ◽  
Maksim Belitski ◽  
Rosa Caiazza
Keyword(s):  
Knowledge Spillovers ◽  
Knowledge Spillover ◽  
Policy Implications ◽  
Annual Business ◽  
Community Innovation Survey ◽  
Spillover Theory ◽  
Knowledge Spillover Theory ◽  
Start Ups

AbstractThe knowledge spillover theory of entrepreneurship (KSTE) seeks to explain the mechanisms of how uncommercialized knowledge can be turned into new to market products. This paper uses a large unbalanced panel of 16,542 UK firms constructed from six consecutive waves of a community innovation survey and annual business registry survey during 2002–2014 to test the differences in the returns to knowledge spillover for innovation between start-ups and incumbent firms. The theoretical, managerial, and policy implications of the study are discussed.

Evaluating the Impact of E-government on Citizens

2010 ◽  
pp. 37-52 ◽  
Author(s):  
Tong-yi Huang ◽  
Chung-pin Lee
Keyword(s):  
Information And Communication Technologies ◽  
Positive Impact ◽  
Communication Technologies ◽  
Time Saving ◽  
Data Set ◽  
Research Issues ◽  
Administrative Service ◽  
Information And Communication ◽  
The Government ◽  
The Impact

Since the early 1990s, the trend of e-government has attracted scholarly attention to the issue of how governments apply the information and communication technologies (the ICTs) in different services. While most studies focus on “what” and “how” questions of e-government, relatively little literature addresses the issue of “to what effect” it has on citizens. To fill this void, from user-centric perspective, this study examines Taiwan’s e-government performance, which has been ranked by international institutions as one of the top performers worldwide. The authors use a telephone interview data set from a survey conducted in 2007 with a random sample of 2000 respondents to analyze what impact the ICTs applications in administrative service and democracy improvement have on citizens in terms of cost and benefit. The authors’ findings show that e-government has had a significant, positive impact on citizens regarding their time saving, perception of information credibility, and satisfaction with the government. The results also suggest that the ICTs facilitate broader distribution of political information, a key to the success of e-democracy. The authors conclude this chapter by proposing suggestions for further strategic planning and critical research issues.

To list or not to list, that is the question: new evidence from the performance of Vietnamese commercial banks

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Tuan Quoc Le ◽  
Ha Ngan Duong ◽  
Phuong Thanh Nguyen
Keyword(s):  
Initial Public Offering ◽  
Financial Institutions ◽  
Commercial Banks ◽  
Positive Impact ◽  
Policy Implications ◽  
Bank Performance ◽  
Data Set ◽  
Going Public ◽  
Content Type ◽  
The Impact

Purpose This paper aims to investigate the decisions of listing for Vietnamese banks and the impact of listing on bank performance. Design/methodology/approach A longitudinal data set of 30 commercial banks in the period of 2006–2018 with various univariate and multivariate tests is used. Findings This study found that listing is positively associated with bank profitability. The results are consistent even after the control for potential endogeneity problems by propensity score matching methodology and Heckman selection bias models. Further analysis suggests some new alternative channels for the positive impact, namely, the increased quality of information disclosure, technological development and income diversification of commercial banks after listing. Practical implications Hence, this paper provides recommendations and policy implications for regulatory bodies regarding the listing of commercial banks in Vietnam. Originality/value The contributions to the literature are three-folds. First, this study contributes to a strand of literature on the impact of going public [initial public offering (IPO)/listing] of financial institutions on their performance. While the literature on non-financial firm performance post-going public is ample, few have directly considered the IPO/listing of banks and other financial institutions. Second, in further looking at the impact of listing on bank performance, this study also sheds some light on the new possible channels of the effect and provides evidence of new channels. Then, last but not least, the case of Vietnam could possibly yield interesting results for a transitory stock market. From the evidence, the recommendations and policy implications for a listing of Vietnamese banks are provided.

scholarly journals Determinants and spatial dependence of innovation in Brazilian regions: evidence from a Spatial Tobit Model

Nova Economia ◽  
2019 ◽  
Vol 29 (2) ◽  
pp. 375-400
Author(s):  
Veneziano de Castro Araújo ◽  
Renato Garcia
Keyword(s):  
Knowledge Production ◽  
Knowledge Spillovers ◽  
Academic Research ◽  
Spatial Dynamics ◽  
Regional Level ◽  
Patent Data ◽  
Regional Innovation ◽  
Innovative Performance ◽  
Industrial Specialization ◽  
Spatial Autoregressive

Abstract This paper analyses the spatial patterns and spatial interdependencies of innovation and the role that local determinants of innovation play in Brazilian micro-regions. Specifically, it evaluates how local firms’ R&D, regional academic research, agglomeration level and local industrial specialization or diversification affect regional innovation. To analyse these factors, an empirical model based on the Knowledge Production Function (KPF) is estimated using a Spatial Autoregressive Tobit (SAR-Tobit) with Brazilian patent data. The results indicate that higher levels of regional industrial R&D imply greater innovation and that greater university research at a regional level positively impacts industrial innovation. Moreover, agglomerated and diverse regions present better innovative performance. Regarding spatial dynamics, the proximity of the most innovative microregions positively affects local innovation, which shows the existence of interregional knowledge spillovers that are associated with innovative activities.

Sign in / Sign up

Export Citation Format

Share Document