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RELATIONSHIP BETWEEN GOVERNMENT R&D SUPPORTS AND INNOVATION: MODERATING EFFECT OF INSTITUTIONAL QUALITY

Yıl 2024, Cilt: 14 Sayı: 28, 289 - 309, 25.12.2024

Öz

The aim of this study is to reveal the effects of government R&D support on innovative outputs and the role of institutional quality in this process. Panel regression analysis was used in the study, which was constructed with 380 samples obtained from 10-year data of 38 OECD countries between 2011-2020 based on country-level secondary data. The findings of the analysis show that government R&D supports have substitution effects by restricting innovative outputs. These negative effects are stronger when the institutional quality, which consists of political stability, regulatory quality and anti-corruption, is weak. At high levels of institutional quality, these negative effects disappear, and even at high levels of regulatory quality, complementary effects emerge and government R&D supports positively affect innovation.

Kaynakça

  • Acemoglu, D., Akcigit, U., Alp, H., Bloom, N., & Kerr, W. (2018). Innovation, reallocation, and growth. American Economic Review, 108(11), 3450-3491.
  • Agrawal, A., Rosell, C., & Simcoe, T. (2020). Tax credits and small firm R&D spending. American Economic Journal: Economic Policy, 12(2), 1-21.
  • Aiken, L. S., West, S. G., & Reno, R. R. (1991). Multiple regression: Testing and interpreting interactions. Sage. Anokhin, S., & Schulze, W. S. (2009). Entrepreneurship, innovation, and corruption. Journal of business venturing, 24(5), 465-476.
  • Baron, R. M., & Kenny, D. A. (1986). The moderator–mediator variable distinction in social psychological research: Conceptual, strategic, and statistical considerations. Journal of personality and social psychology, 51(6), 1173.
  • Becker, B. (2015). Public R&D policies and private R&D investment: A survey of the empirical evidence. Journal of economic surveys, 29(5), 917-942.
  • Bertrand, M., Djankov, S., Hanna, R., & Mullainathan, S. (2007). Obtaining a driver's license in India: an experimental approach to studying corruption. The Quarterly Journal of Economics, 122(4), 1639-1676.
  • Bianchini, S., Llerena, P., & Martino, R. (2019). The impact of R&D subsidies under different institutional frameworks. Structural change and economic dynamics, 50, 65-78.
  • Castellacci, F., & Lie, C. M. (2015). Do the effects of R&D tax credits vary across industries? A meta-regression analysis. Research Policy, 44(4), 819-832.
  • Chen, L., & Yang, W. (2019). R&D tax credits and firm innovation: Evidence from China. Technological Forecasting and Social Change, 146, 233-241.
  • Chen, Y., Wang, Y., Hu, D., & Zhou, Z. (2020). Government R&D subsidies, information asymmetry, and the role of foreign investors: Evidence from a quasi-natural experiment on the shanghai-Hong Kong stock connect. Technological forecasting and social change, 158, 120162.
  • Cuervo-Cazurra, A., Nieto, M. J., & Rodríguez, A. (2018). The impact of R&D sources on new product development: Sources of funds and the diversity versus control of knowledge debate. Long Range Planning, 51(5), 649-665.
  • Czarnitzki, D., Hanel, P., & Rosa, J. M. (2011). Evaluating the impact of R&D tax credits on innovation: A microeconometric study on Canadian firms. Research policy, 40(2), 217-229.
  • David, P. A., Hall, B. H., & Toole, A. A. (2000). Is public R&D a complement or substitute for private R&D? A review of the econometric evidence. Research policy, 29(4-5), 497-529.
  • Dai, X., Verreynne, M. L., Wang, J. H., & He, Y. (2020). The behavioral additionality effects of a tax incentive program on firms’ composition of R&D investment. R&D Management, 50(4), 510-521.
  • Dai, X., & Chapman, G. (2022). R&D tax incentives and innovation: Examining the role of programme design in China. Technovation, 113, 102419.
  • Damijan, J. P., Jaklic, A., & Rojec, M. (2005). Do external knowledge spillovers induce firms’ innovations. Evidence from Slovenia. licos Discussion Papers, 15605.
  • Devereux, M. P., Güçeri, İ., Simmler, M., & Tam, E. H. (2020). Discretionary fiscal responses to the COVID-19 pandemic. Oxford Review of Economic Policy, 36(Supplement_1), S225-S241.
  • DiMaggio, P. J., & Powell, W. W. (1983). The iron cage revisited: Institutional isomorphism and collective rationality in organizational fields. American sociological review, 48(2), 147-160.
  • Dominguez, N., & Mayrhofer, U. (2017). Internationalization stages of traditional SMEs: Increasing, decreasing and re-increasing commitment to foreign markets. International Business Review, 26(6), 1051-1063.
  • Dunning, J. H., & Lundan, S. M. (2008). Multinational enterprises and the global economy. Edward Elgar Publishing.
  • Dücan, E. (2016). Türkiye’de iç göçün sosyo-ekonomik nedenlerinin bölgesel analizi. Ekonomik ve Sosyal Araştırmalar Dergisi, 12(2), 167-183.
  • Fang, L., Lerner, J., Wu, C., & Zhang, Q. (2018). Corruption, government subsidies, and innovation: Evidence from China (No. w25098). National Bureau of Economic Research.
  • Feng, X., & Johansson, A. C. (2017). Political uncertainty and innovation in china. Stockholm school of economics Asia working paper series
  • Groenewegen, J., Hardeman, S., & Stam, E. (2021). Does COVID-19 state aid reach the right firms? COVID-19 state aid, turnover expectations, uncertainty and management practices. Journal of Business Venturing Insights, 16, e00262.
  • Guceri, I., & Liu, L. (2019). Effectiveness of fiscal incentives for R&D: Quasi-experimental evidence. American Economic Journal: Economic Policy, 11(1), 266-291.
  • Guo, D., Guo, Y., & Jiang, K. (2016). Government-subsidized R&D and firm innovation: Evidence from China. Research policy, 45(6), 1129-1144.
  • Guo, R., Ning, L., & Chen, K. (2022). How do human capital and R&D structure facilitate FDI knowledge spillovers to local firm innovation? A panel threshold approach. The Journal of Technology Transfer, 47(6), 1921-1947.
  • Hall, B. H. (2002). The financing of research and development. Oxford review of economic policy, 18(1), 35-51.
  • Howell, S. T. (2017). Financing innovation: Evidence from R&D grants. American economic review, 107(4), 1136-1164.
  • Ilhan-Nas, T., Okan, T., & Sahin, F. (2021). Doğrudan yabancı sermaye yatırım kaynaklı teknolojik yayılımların Türk imalat sanayiindeki yerel firmaların yenilik ve Ar-Ge gelişimleri üzerindeki etkileri, TUBITAK 1003- R&D project (No: 117K787).
  • Jourdan, J., & Kivleniece, I. (2017). Too much of a good thing? The dual effect of public sponsorship on organizational performance. Academy of Management Journal, 60(1), 55-77.
  • Krammer, S. (2016). Coping with political instability: Firm innovation in sub-Saharan Africa. In 9th Model-based Evidence on Innovation and Development MEIDE Conference.
  • Martin, S., & Scott, J. T. (2000). The nature of innovation market failure and the design of public support for private innovation. Research policy, 29(4-5), 437-447.
  • Meyer, J. W., & Rowan, B. (1977). Institutionalized organizations: Formal structure as myth and ceremony. American journal of sociology, 83(2), 340-363.
  • Nguyen, H. T., Vu, T. T. D., Nguyen, H. M., & Nguyen, D. B. P. (2024). SMEs’ innovation and government support during the COVID-19 pandemic. Journal of Asian Business and Economic Studies.
  • North, D. C. (1990). Institutions, Institutional Change and Economic Performance, Cambridge University Press, Cambridge.
  • Okan, T., İlhan-Nas, T., &Şahin, F. (2020). Gelişmekte olan ülkelerden kaçış temelli uluslararasılaşma: Kurumsal bir perspektif, Yönetim Araştırmaları Dergisi, 16(1-2), 54-86.
  • Pai, M. K. (2016). The technical progress and resilience in productivity growth of korea's growth-leading industries. Asian Economic Papers, 15(2), 167-191.
  • Qu, Y., & Wei, Y. (2017). The role of domestic institutions and FDI on innovation—Evidence from Chinese firms. Asian Economic Papers, 16(2), 55-76.
  • Roberson, Q., Holmes IV, O., & Perry, J. L. (2017). Transforming research on diversity and firm performance: A dynamic capabilities perspective. Academy of Management Annals, 11(1), 189-216.
  • Rodrik, D., Subramanian, A., & Trebbi, F. (2004). Institutions rule: the primacy of institutions over geography and integration in economic development. Journal of economic growth, 9, 131-165.
  • Rusten, G., & Overå, R. (2014). Local and global geographies of innovation: Structures, processes, and geographical contexts from a firm perspective. Growth and Change, 45(3), 403-411.
  • Scott, W.R. (1995). Institutions and Organizations, Sage, Thousand Oaks, CA.
  • Sheng, S., Zhou, K. Z., & Li, J. J. (2011). The effects of business and political ties on firm performance: Evidence from China. Journal of Marketing, 75(1), 1-15.
  • Shu, C., Wang, Q., Gao, S., & Liu, C. (2015). Firm patenting, innovations, and government institutional support as a double‐edged sword. Journal of Product Innovation Management, 32(2), 290-305.
  • Şahin, F. (2022). Dikey yayılımların yerel kurumsal bağlamı: Türkiye otomotiv sanayii örneği, PhD Thesis, Karadeniz Technical University, Trabzon.
  • Teng, T., Zhang, Y., Si, Y., Chen, J., & Cao, X. (2020). Government support and firm innovation performance in Chinese science and technology parks: The perspective of firm and sub‐park heterogeneity. Growth and Change, 51(2), 749-770.
  • Zúñiga‐Vicente, J. Á., Alonso‐Borrego, C., Forcadell, F. J., & Galán, J. I. (2014). Assessing the effect of public subsidies on firm R&D investment: a survey. Journal of economic surveys, 28(1), 36-67.

DEVLET AR-GE DESTEKLERİ VE YENİLİKÇİLİK İLİŞKİSİ: KURUMSAL KALİTENİN MODERATÖR ETKİSİ

Yıl 2024, Cilt: 14 Sayı: 28, 289 - 309, 25.12.2024

Öz

Bu çalışmanın amacı, devlet Ar-Ge desteklerinin yenilikçi çıktılar üzerine etkilerini ve bu süreçte kurumsal kalitenin rolünü ortaya koymaktır. Ülke düzeyinde ikincil verilerden hareketle 38 OECD ülkesinin 2011-2020 yılları arasındaki 10 yıllık verilerinden elde edilen 380 örneklemle kurgulanan çalışmada panel regresyon analizi kullanılmıştır. Analiz bulguları devlet Ar-Ge desteklerinin yenilikçi çıktıları kısıtlayarak ikamet etkilerinin ortaya çıktığını göstermektedir. Bu olumsuz etkilerin politik istikrar, düzenleyici kalite ve yolsuzlukla mücadeleden oluşan kurumsal kalitenin zayıf olduğu durumlarda daha da güçlendiği görülmektedir. Kurumsal kalitenin yüksek düzeylerinde ise bu olumsuz etkiler ortadan kalkmakta, hatta düzenleyici kalitenin yüksek düzeylerinde tamamlayıcılık etkileri ortaya çıkarak devlet Ar-Ge destekleri yenilikçiliği olumlu yönde etkilemektedir.

Kaynakça

  • Acemoglu, D., Akcigit, U., Alp, H., Bloom, N., & Kerr, W. (2018). Innovation, reallocation, and growth. American Economic Review, 108(11), 3450-3491.
  • Agrawal, A., Rosell, C., & Simcoe, T. (2020). Tax credits and small firm R&D spending. American Economic Journal: Economic Policy, 12(2), 1-21.
  • Aiken, L. S., West, S. G., & Reno, R. R. (1991). Multiple regression: Testing and interpreting interactions. Sage. Anokhin, S., & Schulze, W. S. (2009). Entrepreneurship, innovation, and corruption. Journal of business venturing, 24(5), 465-476.
  • Baron, R. M., & Kenny, D. A. (1986). The moderator–mediator variable distinction in social psychological research: Conceptual, strategic, and statistical considerations. Journal of personality and social psychology, 51(6), 1173.
  • Becker, B. (2015). Public R&D policies and private R&D investment: A survey of the empirical evidence. Journal of economic surveys, 29(5), 917-942.
  • Bertrand, M., Djankov, S., Hanna, R., & Mullainathan, S. (2007). Obtaining a driver's license in India: an experimental approach to studying corruption. The Quarterly Journal of Economics, 122(4), 1639-1676.
  • Bianchini, S., Llerena, P., & Martino, R. (2019). The impact of R&D subsidies under different institutional frameworks. Structural change and economic dynamics, 50, 65-78.
  • Castellacci, F., & Lie, C. M. (2015). Do the effects of R&D tax credits vary across industries? A meta-regression analysis. Research Policy, 44(4), 819-832.
  • Chen, L., & Yang, W. (2019). R&D tax credits and firm innovation: Evidence from China. Technological Forecasting and Social Change, 146, 233-241.
  • Chen, Y., Wang, Y., Hu, D., & Zhou, Z. (2020). Government R&D subsidies, information asymmetry, and the role of foreign investors: Evidence from a quasi-natural experiment on the shanghai-Hong Kong stock connect. Technological forecasting and social change, 158, 120162.
  • Cuervo-Cazurra, A., Nieto, M. J., & Rodríguez, A. (2018). The impact of R&D sources on new product development: Sources of funds and the diversity versus control of knowledge debate. Long Range Planning, 51(5), 649-665.
  • Czarnitzki, D., Hanel, P., & Rosa, J. M. (2011). Evaluating the impact of R&D tax credits on innovation: A microeconometric study on Canadian firms. Research policy, 40(2), 217-229.
  • David, P. A., Hall, B. H., & Toole, A. A. (2000). Is public R&D a complement or substitute for private R&D? A review of the econometric evidence. Research policy, 29(4-5), 497-529.
  • Dai, X., Verreynne, M. L., Wang, J. H., & He, Y. (2020). The behavioral additionality effects of a tax incentive program on firms’ composition of R&D investment. R&D Management, 50(4), 510-521.
  • Dai, X., & Chapman, G. (2022). R&D tax incentives and innovation: Examining the role of programme design in China. Technovation, 113, 102419.
  • Damijan, J. P., Jaklic, A., & Rojec, M. (2005). Do external knowledge spillovers induce firms’ innovations. Evidence from Slovenia. licos Discussion Papers, 15605.
  • Devereux, M. P., Güçeri, İ., Simmler, M., & Tam, E. H. (2020). Discretionary fiscal responses to the COVID-19 pandemic. Oxford Review of Economic Policy, 36(Supplement_1), S225-S241.
  • DiMaggio, P. J., & Powell, W. W. (1983). The iron cage revisited: Institutional isomorphism and collective rationality in organizational fields. American sociological review, 48(2), 147-160.
  • Dominguez, N., & Mayrhofer, U. (2017). Internationalization stages of traditional SMEs: Increasing, decreasing and re-increasing commitment to foreign markets. International Business Review, 26(6), 1051-1063.
  • Dunning, J. H., & Lundan, S. M. (2008). Multinational enterprises and the global economy. Edward Elgar Publishing.
  • Dücan, E. (2016). Türkiye’de iç göçün sosyo-ekonomik nedenlerinin bölgesel analizi. Ekonomik ve Sosyal Araştırmalar Dergisi, 12(2), 167-183.
  • Fang, L., Lerner, J., Wu, C., & Zhang, Q. (2018). Corruption, government subsidies, and innovation: Evidence from China (No. w25098). National Bureau of Economic Research.
  • Feng, X., & Johansson, A. C. (2017). Political uncertainty and innovation in china. Stockholm school of economics Asia working paper series
  • Groenewegen, J., Hardeman, S., & Stam, E. (2021). Does COVID-19 state aid reach the right firms? COVID-19 state aid, turnover expectations, uncertainty and management practices. Journal of Business Venturing Insights, 16, e00262.
  • Guceri, I., & Liu, L. (2019). Effectiveness of fiscal incentives for R&D: Quasi-experimental evidence. American Economic Journal: Economic Policy, 11(1), 266-291.
  • Guo, D., Guo, Y., & Jiang, K. (2016). Government-subsidized R&D and firm innovation: Evidence from China. Research policy, 45(6), 1129-1144.
  • Guo, R., Ning, L., & Chen, K. (2022). How do human capital and R&D structure facilitate FDI knowledge spillovers to local firm innovation? A panel threshold approach. The Journal of Technology Transfer, 47(6), 1921-1947.
  • Hall, B. H. (2002). The financing of research and development. Oxford review of economic policy, 18(1), 35-51.
  • Howell, S. T. (2017). Financing innovation: Evidence from R&D grants. American economic review, 107(4), 1136-1164.
  • Ilhan-Nas, T., Okan, T., & Sahin, F. (2021). Doğrudan yabancı sermaye yatırım kaynaklı teknolojik yayılımların Türk imalat sanayiindeki yerel firmaların yenilik ve Ar-Ge gelişimleri üzerindeki etkileri, TUBITAK 1003- R&D project (No: 117K787).
  • Jourdan, J., & Kivleniece, I. (2017). Too much of a good thing? The dual effect of public sponsorship on organizational performance. Academy of Management Journal, 60(1), 55-77.
  • Krammer, S. (2016). Coping with political instability: Firm innovation in sub-Saharan Africa. In 9th Model-based Evidence on Innovation and Development MEIDE Conference.
  • Martin, S., & Scott, J. T. (2000). The nature of innovation market failure and the design of public support for private innovation. Research policy, 29(4-5), 437-447.
  • Meyer, J. W., & Rowan, B. (1977). Institutionalized organizations: Formal structure as myth and ceremony. American journal of sociology, 83(2), 340-363.
  • Nguyen, H. T., Vu, T. T. D., Nguyen, H. M., & Nguyen, D. B. P. (2024). SMEs’ innovation and government support during the COVID-19 pandemic. Journal of Asian Business and Economic Studies.
  • North, D. C. (1990). Institutions, Institutional Change and Economic Performance, Cambridge University Press, Cambridge.
  • Okan, T., İlhan-Nas, T., &Şahin, F. (2020). Gelişmekte olan ülkelerden kaçış temelli uluslararasılaşma: Kurumsal bir perspektif, Yönetim Araştırmaları Dergisi, 16(1-2), 54-86.
  • Pai, M. K. (2016). The technical progress and resilience in productivity growth of korea's growth-leading industries. Asian Economic Papers, 15(2), 167-191.
  • Qu, Y., & Wei, Y. (2017). The role of domestic institutions and FDI on innovation—Evidence from Chinese firms. Asian Economic Papers, 16(2), 55-76.
  • Roberson, Q., Holmes IV, O., & Perry, J. L. (2017). Transforming research on diversity and firm performance: A dynamic capabilities perspective. Academy of Management Annals, 11(1), 189-216.
  • Rodrik, D., Subramanian, A., & Trebbi, F. (2004). Institutions rule: the primacy of institutions over geography and integration in economic development. Journal of economic growth, 9, 131-165.
  • Rusten, G., & Overå, R. (2014). Local and global geographies of innovation: Structures, processes, and geographical contexts from a firm perspective. Growth and Change, 45(3), 403-411.
  • Scott, W.R. (1995). Institutions and Organizations, Sage, Thousand Oaks, CA.
  • Sheng, S., Zhou, K. Z., & Li, J. J. (2011). The effects of business and political ties on firm performance: Evidence from China. Journal of Marketing, 75(1), 1-15.
  • Shu, C., Wang, Q., Gao, S., & Liu, C. (2015). Firm patenting, innovations, and government institutional support as a double‐edged sword. Journal of Product Innovation Management, 32(2), 290-305.
  • Şahin, F. (2022). Dikey yayılımların yerel kurumsal bağlamı: Türkiye otomotiv sanayii örneği, PhD Thesis, Karadeniz Technical University, Trabzon.
  • Teng, T., Zhang, Y., Si, Y., Chen, J., & Cao, X. (2020). Government support and firm innovation performance in Chinese science and technology parks: The perspective of firm and sub‐park heterogeneity. Growth and Change, 51(2), 749-770.
  • Zúñiga‐Vicente, J. Á., Alonso‐Borrego, C., Forcadell, F. J., & Galán, J. I. (2014). Assessing the effect of public subsidies on firm R&D investment: a survey. Journal of economic surveys, 28(1), 36-67.
Toplam 48 adet kaynakça vardır.

Ayrıntılar

Birincil Dil Türkçe
Konular İnovasyon Yönetimi, Organizasyon ve Yönetim Teorisi
Bölüm Makaleler
Yazarlar

Fatih Şahin 0000-0002-5515-7692

Yayımlanma Tarihi 25 Aralık 2024
Gönderilme Tarihi 29 Haziran 2024
Kabul Tarihi 29 Ağustos 2024
Yayımlandığı Sayı Yıl 2024 Cilt: 14 Sayı: 28

Kaynak Göster

APA Şahin, F. (2024). DEVLET AR-GE DESTEKLERİ VE YENİLİKÇİLİK İLİŞKİSİ: KURUMSAL KALİTENİN MODERATÖR ETKİSİ. Karadeniz Teknik Üniversitesi Sosyal Bilimler Enstitüsü Sosyal Bilimler Dergisi, 14(28), 289-309.
AMA Şahin F. DEVLET AR-GE DESTEKLERİ VE YENİLİKÇİLİK İLİŞKİSİ: KURUMSAL KALİTENİN MODERATÖR ETKİSİ. KTÜSBD. Aralık 2024;14(28):289-309.
Chicago Şahin, Fatih. “DEVLET AR-GE DESTEKLERİ VE YENİLİKÇİLİK İLİŞKİSİ: KURUMSAL KALİTENİN MODERATÖR ETKİSİ”. Karadeniz Teknik Üniversitesi Sosyal Bilimler Enstitüsü Sosyal Bilimler Dergisi 14, sy. 28 (Aralık 2024): 289-309.
EndNote Şahin F (01 Aralık 2024) DEVLET AR-GE DESTEKLERİ VE YENİLİKÇİLİK İLİŞKİSİ: KURUMSAL KALİTENİN MODERATÖR ETKİSİ. Karadeniz Teknik Üniversitesi Sosyal Bilimler Enstitüsü Sosyal Bilimler Dergisi 14 28 289–309.
IEEE F. Şahin, “DEVLET AR-GE DESTEKLERİ VE YENİLİKÇİLİK İLİŞKİSİ: KURUMSAL KALİTENİN MODERATÖR ETKİSİ”, KTÜSBD, c. 14, sy. 28, ss. 289–309, 2024.
ISNAD Şahin, Fatih. “DEVLET AR-GE DESTEKLERİ VE YENİLİKÇİLİK İLİŞKİSİ: KURUMSAL KALİTENİN MODERATÖR ETKİSİ”. Karadeniz Teknik Üniversitesi Sosyal Bilimler Enstitüsü Sosyal Bilimler Dergisi 14/28 (Aralık 2024), 289-309.
JAMA Şahin F. DEVLET AR-GE DESTEKLERİ VE YENİLİKÇİLİK İLİŞKİSİ: KURUMSAL KALİTENİN MODERATÖR ETKİSİ. KTÜSBD. 2024;14:289–309.
MLA Şahin, Fatih. “DEVLET AR-GE DESTEKLERİ VE YENİLİKÇİLİK İLİŞKİSİ: KURUMSAL KALİTENİN MODERATÖR ETKİSİ”. Karadeniz Teknik Üniversitesi Sosyal Bilimler Enstitüsü Sosyal Bilimler Dergisi, c. 14, sy. 28, 2024, ss. 289-0.
Vancouver Şahin F. DEVLET AR-GE DESTEKLERİ VE YENİLİKÇİLİK İLİŞKİSİ: KURUMSAL KALİTENİN MODERATÖR ETKİSİ. KTÜSBD. 2024;14(28):289-30.

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