Government Subsidy, Industry-university-research Collaborative Innovation and Resources Allocation Efficiency

摘要

Industry-university-research collaboration plays an important role in realizing effective allocation of scientific and technological resources. Government subsidy has proven an effective tool to promote effective allocation of resources. The paper divides resources allocation efficiency into market allocation efficiency, technology allocation efficiency and knowledge allocation efficiency. And then, the method of stochastic frontier approach (SFA) is used to measure allocation efficiency of resources of enterprises' self-innovation and collaborative innovation. Based on the panel data of innovation input and output of 211 high-tech enterprises from 2015 to 2017, it is found that the efficiency of resources allocation of collaborative innovation is higher than self-innovation. Government subsidy promotes both knowledge allocation efficiency and technologies allocation efficiency of the two models of innovations, while insignificantly promote market allocation efficiency.