Financial subsidies, tax incentives and technological innovation in China's integrated circuit industry

The integrated circuit (IC) industry's role in promoting sustained economic growth makes it highly valued by governments worldwide. Based on the late-mover advantage and market failure theories, this study demonstrates the importance of government intervention in industrial technological innova...

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Bibliographic Details
Main Authors: Li Song, Yating Wen
Format: Article
Language:English
Published: Elsevier 2023-07-01
Series:Journal of Innovation & Knowledge
Subjects:
Online Access:http://www.sciencedirect.com/science/article/pii/S2444569X23001026