| 000 | 01497nab a2200241 c 4500 | ||
|---|---|---|---|
| 999 |
_c150554 _d150554 |
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| 003 | ES-MaIEF | ||
| 005 | 20250401143625.0 | ||
| 007 | ta | ||
| 008 | 250401t2025 xxu||||| |||| 00| 0eng d | ||
| 040 |
_aES-MaIEF _bspa _cES-MaIEF |
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| 100 | 1 |
_972509 _aCao, Yuping |
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| 245 | 1 | 0 |
_aSoft budget constraints and technological innovations _bevidence from China _c Yuping Cao and Xiaojin Sun |
| 504 | _aBibliografía | ||
| 520 | _aTechnological innovations are heterogeneous in nature; some are pioneering while others are not. Drawing on a series of theoretical studies, this paper offers empirical evidence on the differential effects of soft budget constraints on non-pioneering and pioneering innovations by using provincial-level data from China spanning from 2003 to 2015. Using a panel threshold model framework, we observe that soft budget constraints stimulate non-pioneering innovations but hinder pioneering innovations, with the hindering effects outweighing the stimulating effects. These findings underscore the importance of overcoming institutional path dependence and hardening budget constraints to foster the dynamic evolution of innovation modes. | ||
| 650 | 4 |
_948131 _aPRESUPUESTOS |
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| 650 | 4 |
_948535 _aTECNOLOGIA |
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| 650 | 4 |
_949904 _aINNOVACIÓN |
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| 650 | 4 |
_943582 _aESTUDIOS |
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| 650 | 4 |
_933911 _aCHINA |
|
| 700 | 1 |
_972510 _aSun, Xiaojin |
|
| 773 | 0 |
_9173284 _oOP 1443/2025/1/2 _tPublic Choice _w(IEF)124378 _x 0048-5829 _g v.202, n.1-2, January 2025, p.109-139 |
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| 942 | _cART | ||