The Influence of Government Subsidies on the Efficiency of Technological Innovation: A Panel Threshold Regression Approach

As a typical technology-intensive industry, the renewable energy industry is standard sample for scholars to study R&D innovation of enterprises. At present, strongly supported by government subsidy policy in China and has developed rapidly recent years. Its own financing constraints lack power are also main problems development Taking A-share enterprises from 2016 2020 as research object, this paper constructs panel model empirically relationship between subsidies enterprise efficiency. The findings follows. First, can significantly promote efficiency enterprises; second, an obvious double threshold effect on enterprises, when certain range, best; third, non-state-owned better than that state-owned central western regions eastern region. quite different.