THE IMPACT OF GOVERNMENT INNOVATION POLICIES ON CORPORATE INNOVATION BEHAVIOR

Under the innovation-driven development strategy, innovation is an inevitable requirement for China's sustainable development, and enterprises are the main drivers of innovation. This paper studies the impact of government innovation policies on enterprise innovation behavior. It manually collected the cumulative effective number of innovation policies from 31 provinces across China from 2008 to 2017 as the research object. Simultaneously, it uses the number of patent applications by enterprises to measure their innovation behavior, establishing a panel data regression model to empirically test the impact of government innovation policies on enterprise innovation behavior. Furthermore, this paper analyzes the different effects of government innovation policies in the eastern, central, and western regions. The empirical results show a significant positive correlation between China's government innovation policies and the number of patent applications by enterprises, indicating that China's government innovation policies are effective and play a positive role in increasing the number of patent applications by enterprises. This demonstrates the significant importance of innovation policies in China's implementation of the innovation-driven development strategy.