Abstract
This study uses a network data envelopment analysis (DEA) approach to measure phased innovation efficiency to explore how fiscal technology innovation policy drives the development of regional innovation. A game model is constructed that includes governments, enterprises, universities, and research institutes to explain the influence mechanism. The innovation process is decomposed into the transformation stage of scientific research results and their commercial application. A Tobit model is used to explain the effect of fiscal policy on innovation efficiency. These methods led to novel conclusions: (1) the growth rate of innovation efficiency in the first stage is greater with smaller regional differences, with larger regional differences in innovation efficiency in the second stage; (2) the intensity of fiscal R&D funding in science and technology has a significant positive effect on overall innovation efficiency and phased innovation efficiency; and (3) the positive effect of fiscal R&D funding is greater on the commercial application of scientific achievements. The targeting effect of fiscal innovation policy on industry–university research (IUR) cooperation needs to be improved through resource sharing, joint participation, sharing of achievements, and risk sharing.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
