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The Impact of Government Subsidies on Innovation in China’s Solar Photovoltaic Industry: Evidence from Firms in the A-share Market

Wu, Runzhi LU (2024) EKHS21 20241
Department of Economic History
Abstract
Energy transition is crucial to mitigate the impacts of climate change globally. Solar energy, particularly through photovoltaic (PV) technology, plays a critical role in this transition. Innovation within the solar PV industry is essential, and policy support, especially government subsidies, is crucial for its technological advancement. This study focuses on China’s solar PV industry given its leading position in the global energy transition and solar PV supply chain. It investigates the impact of government subsidies on innovation across different sectors of the industry: upstream, midstream, and downstream. The findings show that government subsidies positively influence innovation in upstream and midstream firms, with upstream firms... (More)
Energy transition is crucial to mitigate the impacts of climate change globally. Solar energy, particularly through photovoltaic (PV) technology, plays a critical role in this transition. Innovation within the solar PV industry is essential, and policy support, especially government subsidies, is crucial for its technological advancement. This study focuses on China’s solar PV industry given its leading position in the global energy transition and solar PV supply chain. It investigates the impact of government subsidies on innovation across different sectors of the industry: upstream, midstream, and downstream. The findings show that government subsidies positively influence innovation in upstream and midstream firms, with upstream firms showing a more significant increase in R&D intensity. Scale efficiency (SE) contributes more to overall innovation efficiency (OE) than pure technological efficiency (PTE), and the relationship between government subsidies and innovation efficiency is complex and non-linear. These results highlight the need for targeted subsidy policies to enhance innovation performance in the future. (Less)
Please use this url to cite or link to this publication:
author
Wu, Runzhi LU
supervisor
organization
course
EKHS21 20241
year
type
H2 - Master's Degree (Two Years)
subject
language
English
id
9164624
date added to LUP
2024-07-12 11:10:45
date last changed
2024-07-12 11:10:45
@misc{9164624,
  abstract     = {{Energy transition is crucial to mitigate the impacts of climate change globally. Solar energy, particularly through photovoltaic (PV) technology, plays a critical role in this transition. Innovation within the solar PV industry is essential, and policy support, especially government subsidies, is crucial for its technological advancement. This study focuses on China’s solar PV industry given its leading position in the global energy transition and solar PV supply chain. It investigates the impact of government subsidies on innovation across different sectors of the industry: upstream, midstream, and downstream. The findings show that government subsidies positively influence innovation in upstream and midstream firms, with upstream firms showing a more significant increase in R&D intensity. Scale efficiency (SE) contributes more to overall innovation efficiency (OE) than pure technological efficiency (PTE), and the relationship between government subsidies and innovation efficiency is complex and non-linear. These results highlight the need for targeted subsidy policies to enhance innovation performance in the future.}},
  author       = {{Wu, Runzhi}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{The Impact of Government Subsidies on Innovation in China’s Solar Photovoltaic Industry: Evidence from Firms in the A-share Market}},
  year         = {{2024}},
}