基础研究投入与政府研发补贴的协同创新效应研究OACHSSCD

Forging synergistic innovation policies and continuously enhancing their effectiveness are crucial to addressing the"chokepoint"issue in core technologies.This paper evaluates the synergistic effect of basic research investment and government R&D subsidies,based on the data of regional innovation practices and the manually-sorted data on R&D subsidies and new technology investments of Chinese listed companies from 2009 to 2020.The results show that combining basic research investment with government R&D subsidies generates a significant innovation effect.By building a high-quality public-knowledge pool,basic research provides enterprises' innovation with foundational inputs,while the R&D subsidies lower the risk and cost of transforming that knowledge into commercial products.Further empirical results show that only firms with strong technology-absorption capacity can effectively identify,assimilate and integrate knowledge spillovers from the public research system,thereby aligning basic research outputs with their own R&D activities and unlocking the synergistic gains of the two policy resources.The conclusions offer significant policy implications for optimizing the allocation of innovation resources,enhancing the efficiency of science-and-technology funding,invigorating innovation actors,and achieving high-level self-reliance and self-strengthening in science and technology.