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Purpose : This article investigates the interaction effects among government subsidies, research and development (R government subsidies and innovation performance promote R R and the dynamic interaction of the three variables differs for state-owned and non-state-owned companies.Originality : This article focuses on the Chinese energy industry and considers the ownership of companies. The PVAR model is used to establish a dynamic interactive system of variables, which considers the dynamic interaction relationship among government subsidies, R&D input and innovation performance in this specific industry.
Yi et al. (Mon,) studied this question.
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