Abstract
This study examines the relationship between science and technology insurance (S&T insurance) and regional innovation from a macro innovation input-output perspective. Based on provincial panel data from 2010–2019, the impact of S&T insurance on regional innovation is examined using a dynamic panel regression model. The results indicate that S&T insurance has a significant promotion effect on innovation inputs with a lagged effect but a negative effect on innovation outputs. Further, there is regional and subject heterogeneity in the role of S&T insurance. S&T insurance has a significant effect on innovation input in the central and eastern regions, but not in the western regions; S&T insurance has a significant effect on innovation in enterprises, but not on non-enterprise organisations. This study also examines whether there is a spillover effect of S&T insurance on regional innovation. The results show a spillover effect on innovation inputs but no spillover effect on innovation outputs. Finally, the authors suggest promoting the development of the S&T insurance market to improve regional innovation capacity.
| Original language | English |
|---|---|
| Pages (from-to) | 746-764 |
| Number of pages | 19 |
| Journal | Technology Analysis and Strategic Management |
| Volume | 36 |
| Issue number | 4 |
| DOIs | |
| State | Published - 2024 |
Keywords
- S&T insurance
- dynamic panel model
- regional innovation
- spillover effect