{"title":"The Effect of Government Policy Consistency on Firm Innovation","authors":"Bui Huu Toan","doi":"10.1007/s13132-024-02230-2","DOIUrl":null,"url":null,"abstract":"<p>This paper investigates the impact of government policy consistency on firm innovation. We utilize the information about the firm’s self-evaluation of the government policy consistency in the World Bank Enterprise Surveys only available from 2002 to 2006. Controlling for endogeneity problem, our regression results show that the effects of government policy consistency on innovation decisions are heterogeneous in terms of firms’ size and location classified by the income level and region. These findings indicate that in countries with a high prevalence of small and medium-sized enterprises (SMEs) and lower income levels, a flexible policy mix that maintains consistency while promoting adaptability is more effective in fostering firm innovation. This is particularly crucial for supporting technological advancements and responding to dynamic market conditions in these regions.</p>","PeriodicalId":47435,"journal":{"name":"Journal of the Knowledge Economy","volume":"28 1","pages":""},"PeriodicalIF":4.0000,"publicationDate":"2024-08-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of the Knowledge Economy","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1007/s13132-024-02230-2","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
This paper investigates the impact of government policy consistency on firm innovation. We utilize the information about the firm’s self-evaluation of the government policy consistency in the World Bank Enterprise Surveys only available from 2002 to 2006. Controlling for endogeneity problem, our regression results show that the effects of government policy consistency on innovation decisions are heterogeneous in terms of firms’ size and location classified by the income level and region. These findings indicate that in countries with a high prevalence of small and medium-sized enterprises (SMEs) and lower income levels, a flexible policy mix that maintains consistency while promoting adaptability is more effective in fostering firm innovation. This is particularly crucial for supporting technological advancements and responding to dynamic market conditions in these regions.
期刊介绍：
In the context of rapid globalization and technological capacity, the world’s economies today are driven increasingly by knowledge—the expertise, skills, experience, education, understanding, awareness, perception, and other qualities required to communicate, interpret, and analyze information. New wealth is created by the application of knowledge to improve productivity—and to create new products, services, systems, and process (i.e., to innovate). The Journal of the Knowledge Economy focuses on the dynamics of the knowledge-based economy, with an emphasis on the role of knowledge creation, diffusion, and application across three economic levels: (1) the systemic ''meta'' or ''macro''-level, (2) the organizational ''meso''-level, and (3) the individual ''micro''-level. The journal incorporates insights from the fields of economics, management, law, sociology, anthropology, psychology, and political science to shed new light on the evolving role of knowledge, with a particular emphasis on how innovation can be leveraged to provide solutions to complex problems and issues, including global crises in environmental sustainability, education, and economic development. Articles emphasize empirical studies, underscoring a comparative approach, and, to a lesser extent, case studies and theoretical articles. The journal balances practice/application and theory/concepts.
求助内容：
应助结果提醒方式：
京公网安备 11010802042870号
